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.
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.
