DAX held the 24,300 support level we highlighted previous and it has just broken out to a new high on the week and month. It looks like we will get that follow-thru to a new all-time high we were looking for so long as this level now remains intact.
If a new high is made, why stop there? Expectations of more German stimulus continues to drive markets higher. So i wouldn't be surprised if the DAX even reached 25K handle in the coming days.
By Fawad Razaqzada, market analyst with FOREX.com
If a new high is made, why stop there? Expectations of more German stimulus continues to drive markets higher. So i wouldn't be surprised if the DAX even reached 25K handle in the coming days.
By Fawad Razaqzada, market analyst with FOREX.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.