The FTSE fell drastically during the course of the session on Monday, as all global indices did. However, the FTSE didn’t bounce nearly as much as many of
The FTSE fell drastically during the course of the session on Monday, as all global indices did. However, the FTSE didn’t bounce nearly as much as many of the other European indices, so we believe that this market may be one of the softer ones in that region. The 5800 level below offered support though, so we will pay attention to see whether or not the market can break down below there. If it does, we would be sellers. On the other hand though, if we form some type of supportive candle we would have to wait to see whether or not the buyers are coming back in and take advantage of value.
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.
