The DAX gapped higher at the open on Thursday, as the euro lost a bit of value. However, we found resistance at the previous gap, and then pulled back to
The DAX gapped higher at the open on Thursday, as the euro lost a bit of value. However, we found resistance at the previous gap, and then pulled back to test the bottom of the one that formed for the day on Thursday. Because this, I think that the volatility continues, and is difficult to imagine a scenario in which we go very far. I think we’re going to continue to consolidate overall, so therefore I am relatively neutral when it comes to the DAX over the next several sessions. I will keep you advised as to what I do next here at FX Empire.
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.
