The German index initially gapped lower at the open on Tuesday, but found enough support at the €9350 level to turn things back around and try to break
The German index initially gapped lower at the open on Tuesday, but found enough support at the €9350 level to turn things back around and try to break through the €9500 level. If we can break above the top of the range for the session on Tuesday, we feel this market will more than likely reach towards the €9700 level. Above there, we could go as high as €10,000 but more than likely it will take several pullbacks in order to continue to go higher. If we break down below the bottom of the candle for the session on Tuesday, at that point in time we should more than likely continue to go much lower.
DAX Forecast September 30, 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.
