The FTSE broke higher during the course of the session on Tuesday, breaking above the 6200 level. With this, we managed to even break above the 6250
The FTSE broke higher during the course of the session on Tuesday, breaking above the 6200 level. With this, we managed to even break above the 6250 handle, and it’s only a matter of time before we reach towards the 6300 level. We think the pullbacks on short-term charts will be the buying opportunities that we are looking for, and that the market will eventually try to reach towards the top of the resistance at the 6500 level. Break above there sends this market much higher, reaching towards the 6800 level after that.
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.
