During the course of the session on Friday we initially tried to rally in the MIB, but found enough sellers to turn the market back around and form a very
During the course of the session on Friday we initially tried to rally in the MIB, but found enough sellers to turn the market back around and form a very bearish candle. With this, and the fact that we are at fresh, new lows, we believe that the market will continue to go lower. We believe that a break down below the €17,200 level sends this market to much lower levels in the near future, and we also believe that rallies will be selling opportunities going forward. We have noticed in buying this market right now as it looks so bearish.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
