The German index initially gapped lower, but then spent the rest of the day going higher. That being the case, the market looks as if it wants to continue
The German index initially gapped lower, but then spent the rest of the day going higher. That being the case, the market looks as if it wants to continue going higher, but we need to get above the €9700 level in order to feel comfortable buying again. We believe ultimately the DAX will go higher, heading to the €10,000 handle. We have no interest in selling this market, and we do recognize that the DAX is probably one of the better indices in Europe right now to be involved in as it appears to be one of the most bullish.
DAX Forecast September 16, 2014, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
