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DAX Index Price Forecast September 7, 2017, Technical Analysis
Updated: Sep 7, 2017, 04:13 GMT+00:00
The German index rallied significantly during the session on Wednesday, making a fresh, new high. On the hourly chart, we are starting to see a little bit
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The German index rallied significantly during the session on Wednesday, making a fresh, new high. On the hourly chart, we are starting to see a little bit of a pullback, and that pullback should be a buying opportunity. I think that longer-term move in this market should continue to be to the upside, giving us an opportunity to “buy the dips” going forward as it represents value in a market that should be the blue-chip for the European Union. I have no interest in shorting, I believe that the market goes higher over the longer term.
DAX Video 07.9.17
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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