DAX Index Price Forecast September 14, 2017, Technical Analysis

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The German index rallied a bit during the day on Wednesday, as the €12,500 level has offered support. We are starting to run into little bit of resistance towards the end of the day though, and I think that a pullback from here could happen, and quite frankly we could drop us far as the gap from Monday. However, the longer-term uptrend is still very much intact, and therefore I like the idea of buying this market on dips more than anything else. I have no interest in shorting the DAX.

DAX Video 14.9.17

This article was originally posted on FX Empire


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: DAX

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