The DAX fell initially on Friday, but turned around to form a hammer. We continue to grind sideways overall, trying to break above the €12,500 level. If
The DAX fell initially on Friday, but turned around to form a hammer. We continue to grind sideways overall, trying to break above the €12,500 level. If we can get above there, the market should continue to go much higher. Even if we fall from here, I see quite a bit of support below, especially considering that the market gapped at the beginning of the week. Either way, I’m a buyer, be it on dips or a breakout to the upside. I have no interest in shorting the DAX as it has been very strong over the longer term.
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.
