The FTSE fell significantly during the course of the day on Thursday, breaking below the 6250 level. We tested the 6200 level, but there is quite a bit of
The FTSE fell significantly during the course of the day on Thursday, breaking below the 6250 level. We tested the 6200 level, but there is quite a bit of negativity in this candle at the moment as it looks like we are going to continue to the downside. There is more than enough support below to keep this market afloat though, so we are simply waiting to see whether or not the buyers come back into the marketplace and start to push this market higher. We have no interest in selling at the moment although we do recognize that there is some inherent softness in this market.
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.
