The DAX bounce back and forth during the session on Tuesday, showing the €8700 level as support. With that being the case, the market should perhaps try
The DAX bounce back and forth during the session on Tuesday, showing the €8700 level as support. With that being the case, the market should perhaps try to break above the €8900 level but it is not until we get above there that we would feel comfortable buying the DAX. Breaking above the €9000 level would be a reason to start going long with a larger position. Because of that, we need to be very patient in order to play this market, but we do prefer the DAX over other European markets. On the other hand, if we break down below the €8700 level, we should then head to the €8500 level.
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.
