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DAX: implications of price action at 10K hurdle

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    European stock markets are trading lower at the time of this writing. Sentiment has been hurt by the weaker oil and commodity prices which have weighed heavily on miners. In addition, the inaction by the Bank of Japan overnight has encouraged speculators to book some profit on their long positions opened post the ECB’s decision to expand QE last Thursday. It is also likely that some traders are simply sitting on their hands as they await the FOMC policy statement and Janet Yellen’s press

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