The German index walked above the €12,000 level during most of the session on Wednesday, as we continue to see a significant amount of volatility around the world. Wednesday was more of a stabilization session, and we still have a gap that needs filled above. If we can break above the €12,150 level, then I think we will continue the overall strength. Alternately, if we turn around and fall below the €12,000 level, I think that the market will continue to selloff. I suspect that lack of volume will continue to be an issue.
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DAX Index Price Forecast August 31, 2017, Technical Analysis
The German index walked above the €12,000 level during most of the session on Wednesday, as we continue to see a significant amount of volatility around
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Christopher LewisSenior Analyst
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.
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