The FTSE 100 went back and forth during the session on Tuesday, testing the 7300 level. That’s an area that was previous support, so would not be
The FTSE 100 went back and forth during the session on Tuesday, testing the 7300 level. That’s an area that was previous support, so would not be surprising at all to see a pullback from here. Breakdown below the 7200 level could send this market filling the gap, and that is quite common. A break above the 7300 level should have this market reaching towards 7400 above. Either way, I think that we are a little ahead of ourselves, so I would expect some softness over the next session or so. Having said that, I remain bullish longer term.
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.
