The FTSE 100 fell initially during the session on Wednesday, but found enough support near the 7335 level to turn around and rally a bit. That being the
The FTSE 100 fell initially during the session on Wednesday, but found enough support near the 7335 level to turn around and rally a bit. That being the case, we turned around to test resistance at 7400 again, and then pulled back slightly. Ultimately, I think that the market is going to continue to be choppy overall, but I think that the 7450 level above might be the target. Alternately, if we break down below the 7335 level, we will go looking for the 7300-level underneath. Expect a lot of noise regardless what happens.
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.
