The FTSE 100 fell during the week, forming an outside bearish candle. While normally a sell signal, I still see a significant amount of support near the
The FTSE 100 fell during the week, forming an outside bearish candle. While normally a sell signal, I still see a significant amount of support near the 7125 handle, so if we can form some type of support of candle there, I feel that the market will turn around and continue to go higher. I don’t really have any interest in selling, this is a market that seems to have quite a bit of bullish pressure underneath, and I still believe that the following British pound will benefit the FTSE 100 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.
