The German index did very little during the day on Thursday, as we continue to hover above the €12,500 level. If we can break above the €4600 level, I
The German index did very little during the day on Thursday, as we continue to hover above the €12,500 level. If we can break above the €4600 level, I feel that the market should continue to go much higher. Short-term pullback should be buying opportunities, and I think it’s only a matter of time before the market rallies significantly. This is especially true considering that the EUR has been falling in value, but I think if we break down below the €12,450 level, the market could go lower to try to fill the gap that formed several sessions ago.
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.
