The German index gapped lower at the open on Monday as the North Koreans tested a bomb over the weekend. However, I see support just below, especially
The German index gapped lower at the open on Monday as the North Koreans tested a bomb over the weekend. However, I see support just below, especially near the €12,000 level, and therefore I think it’s only a matter of time before the buyers get involved. If we break down below the €11,800 level, then the downtrend continues. However, I think there is an of buying pressure that given enough time the buyers will return. I’m waiting for stability or at least a positive daily candle to get involved. I don’t have it at the moment, so I’m on the sidelines.
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.
