The German index initially fell during the day on Tuesday, testing the 20-day exponential moving average. We also found support at the €11,900 level again
The German index initially fell during the day on Tuesday, testing the 20-day exponential moving average. We also found support at the €11,900 level again, and thus I feel that the market is going to continue to grind higher. Short-term pullbacks are buying opportunities and I also believe that the market is going to make a fresh, new high. Longer-term, I believe that we should continue to take advantage of this very strong and obvious uptrend in a market that’s leading the rest of the European Union. Selling isn’t even a thought.
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.
