The German index initially fell during the course of the week but found the €9250 level supportive enough to turn things around and drive it back towards
The German index initially fell during the course of the week but found the €9250 level supportive enough to turn things around and drive it back towards the €9800 level. However, there is a bit of noise just above so longer-term traders will probably be a bit just waited from getting long at this point. At this point in time, it’s probably best to trade the DAX from a short-term perspective, as there should be quite a bit of volatility after the results of the referendum in the United Kingdom.
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.
