The DAX Index initially fell during the day on Wednesday but turned around to form a very supportive candle. Because of this, I think that were going to
The DAX Index initially fell during the day on Wednesday but turned around to form a very supportive candle. Because of this, I think that were going to try to make a breakout above the €12,500 level, and continue to go much higher. If we do, I feel that the next target will of course be the round number of €12,600. A pull back from here should find plenty of support underneath anyway, so this is a “buy only” market as far as I can see. I look at pullbacks as nice value waiting to happen.
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.
