The DAX has had a rough session on Tuesday, as we initially shot much higher, but then turned around to test the gap from Monday. The EUR/USD pair has
The DAX has had a rough session on Tuesday, as we initially shot much higher, but then turned around to test the gap from Monday. The EUR/USD pair has rallied significantly, and that is working against the value of the DAX itself. However, I think that given enough time the buyers return and a “buy on the dips” move of course would be the best route to go going forward. Ultimately, the market should then go towards the €12,250 level, and then perhaps the €12,500 level after that. I believe that the 12,000-level underneath is support.
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.
