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The German index gapped higher at the open on Tuesday, clearing the €12,100 level. By doing so, it brought in enough bullish momentum to reach much higher and have one of the best days that we have seen in the last couple of weeks. The market looks likely to go looking towards the €12,300 level, where it should see a bit of resistance. However, I think that ultimately this becomes a “buy on the dips” situation as the most recent low is certainly higher than the previous one, and supported by the €12,000 level.

DAX Video 23.8.17

This article was originally posted on FX Empire

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