The German index did very little during the day on Friday, as we continue to grind around the €9000 handle. With that being the case, we feel that the
The German index did very little during the day on Friday, as we continue to grind around the €9000 handle. With that being the case, we feel that the market should break out to the upside, but we need to clear the highs from the Thursday session in order to feel comfortable buying. At that point in time, we would then be surprise at all to see the market grind its way higher, but please be aware of the fact that any move higher from here will of course be choppy as there has been so much selling pressure recently.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
