The DAX gapped lower on Friday, but turned around to fill that gap. Now if we can break above the €12,350 level, I think the buyers will continue to shoot
The DAX gapped lower on Friday, but turned around to fill that gap. Now if we can break above the €12,350 level, I think the buyers will continue to shoot higher. Alternately, we could roll over and reach down towards the €12,200 level. I think there will be a lot of choppiness, but overall the DAX has been constructive, so I think that given enough time the buyers should continue to come back into this market, and I think that the uptrend is very much intact. Ultimately, I am a buyer of the DAX as it has been very bullish for some time.
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.
