The FTSE 100 initially fell during the day on Thursday, but turned around to form a little bit of a hammer. I believe that the market is going to continue
The FTSE 100 initially fell during the day on Thursday, but turned around to form a little bit of a hammer. I believe that the market is going to continue to try to press higher, but it’s not until we clear and capture the 7300 level that I feel comfortable buying. I have no interest in selling though, the impulsive move below should continue to offer value that people will flock to. I believe that we will eventually make fresh, new highs but we have a lot of work ahead of us.
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.