The German index went sideways during most of the week, testing the €12,500 level for support. It did in fact find it there, but we gapped on Monday and
The German index went sideways during most of the week, testing the €12,500 level for support. It did in fact find it there, but we gapped on Monday and that could need to be filled. Nonetheless, I look at dips as buying opportunities as the DAX looks very healthy, and I believe that the buyers get a return to this market time and time again. Given enough time, I anticipate that the market should go looking for the €13,000 level above, and once a break above there, becomes more of a “buy-and-hold” situation.
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.
