The FTSE as you can see initially fell during the course of the session on Friday, testing the 6650 level. We found enough support below to turn things
The FTSE as you can see initially fell during the course of the session on Friday, testing the 6650 level. We found enough support below to turn things back around and form a rather positive sign though, as we tested the 6700 level during the day. Ultimately, this market should continue to go higher, probably heading to the 6800 level, as the markets look well supported. After all, the most recent low was higher than the one previously, and that of course suggests we may be changing trends back to the upside to continue the longer-term move.
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.
