The FTSE 100 initially fell during the session on Wednesday but found enough support underneath to turn around and slam into the 7300 level. If we can
The FTSE 100 initially fell during the session on Wednesday but found enough support underneath to turn around and slam into the 7300 level. If we can break above the 7300 level, I feel that the market should then reach towards the 7400 level. Pullbacks of this point should continue to be buying opportunities all the way down to the 7200 level. I have no interest in selling, I believe that the buyers are back. Ultimately, I still have a long-term target of 7500 above. I believe that the 200-exponential moving average needs to be broken to the downside to start selling.
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.
