DAX Forecast November 18, 2015, Technical Analysis

The German index gapped higher at the open on Tuesday, reaching towards the €11,000 level. With this being the case, the market looks as if it is ready to break out eventually, and we look at short-term pullbacks as potential buying opportunities. Once we get above the €11,000 level, we feel that the market will then reach towards the €11,800 level given enough time. Selling isn’t even a thought at this point, as Germany typically leads the way for European indices. With the Euro losing value, we believe that it’s only a matter of time before the DAX continues to go higher.