The German Index rallied on the falling of the Euro, and now looks set to continue going much higher. We broke out above the resistance of the €10,800
The German Index rallied on the falling of the Euro, and now looks set to continue going much higher. We broke out above the resistance of the €10,800 level, and it now looks as if we are ready to continue to go much higher over the longer term, with pullbacks offering support that we can take advantage of. At this point, I have no scenario in which and willing to sell the DAX as it looks so strong. The DAX tends to be a harbinger of the European Union indexes in general, and they all look bullish also.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
