DAX Forecast for the week March 6, 2017, Technical Analysis
DAX gapped lower on Friday, but on results of week It sliced through shooting star from previous week. The 11,650 level underneath seems to be the “floor” in this market and I believe it will attract buyers into the market. I’m waiting for a supportive candle or a bounce to set longs in such a strong uptrend and believe market will reach 12 400 level given enough time.
Germany is main EU economy and good reports attract more buyers. So, I believe pullbacks should offer value and market will continue its uptrend, as most of other EU indexes.