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.
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.
