The German index gapped lower at the open on Monday as the North Koreans tested a bomb over the weekend. However, I see support just below, especially
The German index gapped lower at the open on Monday as the North Koreans tested a bomb over the weekend. However, I see support just below, especially near the €12,000 level, and therefore I think it’s only a matter of time before the buyers get involved. If we break down below the €11,800 level, then the downtrend continues. However, I think there is an of buying pressure that given enough time the buyers will return. I’m waiting for stability or at least a positive daily candle to get involved. I don’t have it at the moment, so I’m on the sidelines.
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.
