The FTSE fell rather hard during the course the day on Monday, as most stock markets around the world did the same. The 5700 level was broken, but we
The FTSE fell rather hard during the course the day on Monday, as most stock markets around the world did the same. The 5700 level was broken, but we think that there is going to be a significant amount of support all the way down to the 5600 level. If we can break down below there, the FTSE is free to go much lower. At this point in time, we would have to think that short-term rallies will be selling opportunities as well, and therefore we are essentially a “sell only” firm here and FX Empire.
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.
