The German index did very little during the day on Thursday, as we continue to hover above the €12,500 level. If we can break above the €4600 level, I
The German index did very little during the day on Thursday, as we continue to hover above the €12,500 level. If we can break above the €4600 level, I feel that the market should continue to go much higher. Short-term pullback should be buying opportunities, and I think it’s only a matter of time before the market rallies significantly. This is especially true considering that the EUR has been falling in value, but I think if we break down below the €12,450 level, the market could go lower to try to fill the gap that formed several sessions ago.
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.
