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.
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.
