DAX Forecast January 16, 2017, Technical Analysis
The DAX rally during the session on Friday, as we continue to find support just below. The 11,500 level is acting as a “floor” in this market, so every time we pullback I feel it’s only matter of time before we go higher. I buy dips, and expect that we
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The DAX rally during the session on Friday, as we continue to find support just below. The 11,500 level is acting as a “floor” in this market, so every time we pullback I feel it’s only matter of time before we go higher. I buy dips, and expect that we will break out and reach towards the €12,000 level next. I also recognize that even below the €11,500 level there is a significant amount of support, especially at the €11,400 level. If the Euro starts to fall again, that should only turbocharge the move higher.
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