The FTSE broke higher during the course of the session on Wednesday, showing signs of support below. On top of that, we are in a very strong consolidation
The FTSE broke higher during the course of the session on Wednesday, showing signs of support below. On top of that, we are in a very strong consolidation range, and as a result we should continue to see back and forth trading. However, if we can break above the 6500 level we believe that this market will then reach towards the 6700 level. We have no interest in selling, and believe that there will be a massive amount of support below to keep this market afloat for the longer term as well, as the 6300 level continues to show real strength.
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.
