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.
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.
