The FTSE had a slightly positive session on Friday, as we continue to try to work above the 6350 handle and into the previous consolidation area. We
The FTSE had a slightly positive session on Friday, as we continue to try to work above the 6350 handle and into the previous consolidation area. We believe that this market should then reach towards the 6500 level, but it might be a bit of a fight to get up there. While we are bullish, we recognize that this market is certainly one that will be volatile, so you will have to have a significant amount of wherewithal to hang onto this move. Pullbacks at this point in time should be thought of as value as well.
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.
