DAX Forecast February 27, 2017, Technical Analysis
The German index fell hard on Friday, but does seem to find a bit of support near the €11,700 level. I believe that is only a matter of time before the buyers get involved and we bounced to continue the longer-term uptrend. The €12,000 level offered a lot of resistance,
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The German index fell hard on Friday, but does seem to find a bit of support near the €11,700 level. I believe that is only a matter of time before the buyers get involved and we bounced to continue the longer-term uptrend. The €12,000 level offered a lot of resistance, but that psychological at best. Because of this, I am still bullish of this market and I believe it’s only a matter of time before the buyers get involved every time we dip. These dips should continue to be buying opportunities over the longer term.
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