The FTSE as you can see fell during the course of the week, breaking below the 6500 level at one point. That being the case, it appears that we are
The FTSE as you can see fell during the course of the week, breaking below the 6500 level at one point. That being the case, it appears that we are reaching the significant support level that could turn this market back around, but we do not have the supportive candle that we need in order to go long. On the other hand, if we break down below the bottom of the range, it’s possible that we go down to the 6300 level next. Either way, this market is it an important area.
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.
