DAX Forecast August 7, 2014, Technical Analysis » Fx Empire …
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The Germans gapped lower at the open on Wednesday, but found enough support in the €9100 region to form a hammer, one of our favorite bullish signs. Quite frankly, at this point in time the DAX has been sold off so much that we feel he bounce almost has to happen. We expect that €9000 will continue to be the bottom of the market for the short term, and recognize that he bounce all the way back to the €9600 level is possible. With that though, be aware of the €9200 level as it could see a lot of clustering.
DAX Forecast August 7, 2014, Technical Analysis
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DAX Forecast August 7, 2014, Technical Analysis » Fx Empire …
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