DAX40 - end of bull market?
- German index has been extremely well over recent months despite data from German economy, which are far from perfect
- Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1
- If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400.
We shall see.
No recommendation, just my humble opinion.
- Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1
- If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400.
We shall see.
No recommendation, just my humble opinion.
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