The Milanese exchange rose during the day on Monday, breaking the top of the shooting star from Friday. We believe that this market will continue to try
The Milanese exchange rose during the day on Monday, breaking the top of the shooting star from Friday. We believe that this market will continue to try to struggle to the upside. We do recognize that this market has quite a bit of upward pressure, but we are reaching areas of significant resistance as well. It is because of this that we prefer to stay on the sidelines at this point and await a move above the 23,000 level in order to start buying again. Pullbacks could be used as buying opportunities but only on supportive daily candles.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
