DAX Index Price Forecast August 30, 2017, Technical Analysis

The German index gapped lower at the open on Tuesday, and then fell through the €12,000 level. I think that most of this is due to the EUR/USD pair breaking above the 1.20 level, which of course makes German exports more expensive. Ultimately, this is a market that I think will continue to find volatility due to currency headwinds, and with this being the case it’s likely that we will see a significant amount of noise near the €12,000 level. Although there is a gap above to be filled, I am hesitant to start buying as the move has been so drastic. Quite frankly, I’m now looking for selling opportunities on signs of exhaustion.

DAX Video 30.8.17