The German index rallied a bit during the day on Wednesday, as the €12,500 level has offered support. We are starting to run into little bit of resistance
The German index rallied a bit during the day on Wednesday, as the €12,500 level has offered support. We are starting to run into little bit of resistance towards the end of the day though, and I think that a pullback from here could happen, and quite frankly we could drop us far as the gap from Monday. However, the longer-term uptrend is still very much intact, and therefore I like the idea of buying this market on dips more than anything else. I have no interest in shorting the DAX.
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.
