The FTSE initially rallied on Wednesday, but turned back around at roughly 6340. With that being the case, the market still looks like it is struggling a
The FTSE initially rallied on Wednesday, but turned back around at roughly 6340. With that being the case, the market still looks like it is struggling a bit in this area, so what we are waiting to see is whether or not we can break back above the 6350 handle, or for some type of supportive candle below in order to start buying. At this point, we have no interest whatsoever in selling, as we believe that the market will eventually reach towards the 6450 handle, which of course was the top of the consolidation area that we have been in for some time.
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.
