DAX Forecast August 12, 2014, Technical Analysis » Fx Empire …

DAX Forecast August 12, 2014, Technical Analysis » Fx Empire …

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The DAX gapped higher at the open on Monday, showing strength just as we have seen all over Europe for the day. We gapped above the €9100 level right away, and then shot all the way up to the €9200 level. That level been broken to the upside, and more importantly to the €9250 level been broken to the upside, would be a very positive sign for the marketplace as we head to the €9600 level. At that area, we expect to see a significant amount resistance. Pullbacks should continue to offer buying opportunities in this market.

 

DAX Forecast August 12, 2014, Technical Analysis

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DAX Forecast August 12, 2014, Technical Analysis » Fx Empire …

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