The FTSE as you can see initially fell during the course the week but found enough support at the 6500 level to turn things back around and form a
The FTSE as you can see initially fell during the course the week but found enough support at the 6500 level to turn things back around and form a positive candle. With this, the market looks as if it’s ready to head towards the 6800 level, and then eventually the 6900 level, and given enough time – we feel that we will reach towards the 7000 handle. We have no interest in selling this market, and believe that ultimately the buyers are starting to return. With that, we are bullish.
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.
