The DAX fell initially during the week but found enough support under the €12,000 level to turn things around and form a hammer. A break above the top of
The DAX fell initially during the week but found enough support under the €12,000 level to turn things around and form a hammer. A break above the top of the hammer should send this market looking towards the €12,300 level, and then eventually the €12,500 level. The pullback was well within the range of tolerance for the uptrend, so therefore it’s only a matter of time before you go much higher. I think that this is going to continue to be a grind to the upside, and therefore I have no interest in selling.
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.
