The German index fell from the €9100 level down to the €8900 level during the session on Monday. That being the case, the market does in fact look like it
The German index fell from the €9100 level down to the €8900 level during the session on Monday. That being the case, the market does in fact look like it could find support in this general vicinity though, house the €8900 level was once significant resistance. It should now be significant support based upon basic technical analysis, but we do not have the appropriate candle to start buying. We recognize that the DAX is almost always the first place where money flows to when stock markets in Europe start gaining again. Because of this, this is one of her favorite trades if we get the right supportive candle.
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.
