With the EUR/USD pair falling over the last couple of sessions, the DAX has been one of the main beneficiaries as German exporters are suddenly enjoying
With the EUR/USD pair falling over the last couple of sessions, the DAX has been one of the main beneficiaries as German exporters are suddenly enjoying cheaper pricing in other countries. This has a massive effect on the DAX, and now that we’ve clear the €12,500 level, I believe that the market continues to go higher. Pullbacks should be buying opportunities, and the gap that started out the session on Monday should be considered the “floor” in the market. In other words, if we can stay above the €12,300 level, I’m a buyer of dips and of course breakouts.
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.
