The DAX as you can see gapped higher at the open on Monday, and then turned around to fall directly to the bottom of that gap. The market had been closed
The DAX as you can see gapped higher at the open on Monday, and then turned around to fall directly to the bottom of that gap. The market had been closed on Friday, so that means that the Germans had a little bit of catching up to do. However, the buyers could not hang onto the gains, and as a result it seems that the market still well continue to sell off on rallies. We see significant support down at the €9000 level, and we believe that somewhere in that vicinity we should see buyers step into the marketplace.
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.
