The DAX gapped lower at the open on Tuesday, falling below the 9100 level. The market looks as if it wants to go and test the 9000 handle below. The area
The DAX gapped lower at the open on Tuesday, falling below the 9100 level. The market looks as if it wants to go and test the 9000 handle below. The area is of course a major support and psychologically significant number, and should attract a certain amount of interest on that thought alone. The market looks very negative though, and as a result we are bearish of this market, and think that today could be a bit on the negative side. The area below could offer a buying opportunity though, so we will be leery of supportive candles, and take profits at the first sign of one.
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.
