The DAX fell slightly during the course of the session on Friday, as we tested the €10,600 level. I believe at this point in time though that there is
The DAX fell slightly during the course of the session on Friday, as we tested the €10,600 level. I believe at this point in time though that there is more than enough support below to continue going higher. Once we get a supportive candle, I believe that the market will then try to build up enough momentum to finally get above the €10,800 level above. Once we get above there, then it becomes a little bit more of a longer-term “buy-and-hold” type of situation. I have no interest whatsoever in selling this market, I believe that the DAX will continue to show strength.
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.
