The German index gapped higher at the open, and then plowed into the €9100 level. Is because of this that we think the market is going to be bullish
The German index gapped higher at the open, and then plowed into the €9100 level. Is because of this that we think the market is going to be bullish again, and we are buyers above the aforementioned €9100 level. We believe that money flows into Germany first, so this could be a good sign for Europe in general as far as the stock markets are concerned. This is probably in reaction to will almost certainly be loose monetary policy out of the ECB, so we believe that this is just the beginning and that the DAX should go much higher, probably as high as €9800.
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.
