The FTSE as you can see went back and forth during the course of the day on Friday as we tested the 6350 level. The market is still well within the
The FTSE as you can see went back and forth during the course of the day on Friday as we tested the 6350 level. The market is still well within the previous consolidation area though, so we feel that the market isn’t going anywhere anytime soon. If we can find some type of supportive candle just below, we would be buyers as the bounce could be expected. In the meantime though, we believe that longer-term moves are going to be very difficult to realize in this market as the FTSE has a lot of moving parts at this moment.
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.
