The DAX broke higher during the course of the day on Friday, clearing the top of the 9700 level at one point. The market looks like it is trying to go
The DAX broke higher during the course of the day on Friday, clearing the top of the 9700 level at one point. The market looks like it is trying to go higher, and if we can break above the top of the candle for the session on Friday, we think that the next move will be to reach towards the €10,000 level given enough time. Pullbacks should continue to have plenty of support as the €9400 level below should be an opportunity for the buyers to get involved again and again as it looks like it is a “floor” in this market.
DAX Forecast September 28, 2015, 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.
