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DAX Index Price Forecast September 12, 2017, Technical Analysis
Updated: Sep 12, 2017, 03:48 GMT+00:00
The German index gapped higher at the open on Monday as tensions between North Korea and its neighbors calm down. Because of this, we started looking at
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The German index gapped higher at the open on Monday as tensions between North Korea and its neighbors calm down. Because of this, we started looking at the €12,500 level, which has been resistive in the past. Ultimately, I believe that the market pulling back should offer plenty buying opportunities, especially near the gap that formed for the session. I like buying pullbacks, because quite frankly the DAX has been in a very strong uptrend for the longer-term, and I think that should continue to be the case going forward in this market.
DAX Video 12.9.17
About the Author
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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