The FTSE initially fell during the course the week but found enough support near the 6225 level to turn things around and form a bit of a hammer. The
The FTSE initially fell during the course the week but found enough support near the 6225 level to turn things around and form a bit of a hammer. The hammer of course is a bullish sign, so we can break above the top of that we believe the market will reach towards the 6500 level, and above there things get truly interesting. At this point in time, we feel that the FTSE has quite a bit of support below, so we have no interest in selling and we believe that it’s only a matter time before he break out to the upside.
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.
