The DAX shot much higher during the session on Wednesday, initially gapping higher and then breaking the top of the shooting star. We broke above the
The DAX shot much higher during the session on Wednesday, initially gapping higher and then breaking the top of the shooting star. We broke above the €9600 level, so we started to go long of this market earlier during the session. The €9700 level above is resistive, but we think that the market will continue to go higher, probably heading to the €9800 level. Pullbacks between now and the €10,000 level should continue to offer buying opportunities as the market goes much higher over the longer term. We have no interest whatsoever to sell this market.
DAX Forecast September 4, 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.
