The FTSE 100 fell on Monday, after gapping lower. It appears that the 7125 handle is offering quite a bit of support though, as it was the site of a
The FTSE 100 fell on Monday, after gapping lower. It appears that the 7125 handle is offering quite a bit of support though, as it was the site of a massive gap a couple of weeks ago, with this being the case, I believe that the market will continue to go higher, but it might be somewhat volatile in the meantime. I like this area as a complete pull back to where we needed to be, so therefore I believe that the market will find buyers sooner rather than later. I think the support extends all the way down to the 7000 handle.
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.
