FTSE as you can see fell hard during the course of the day on Wednesday, falling all the way down to the 6550 region. This area here needs to hold as
FTSE as you can see fell hard during the course of the day on Wednesday, falling all the way down to the 6550 region. This area here needs to hold as support, because if it does not, unraveled rapidly. In this area, we would be very interested in buying a supportive candle, if we can get one. On the other hand, if we close below the 6530 level, we believe that this market will then head to 6500, and then probably 6300. On a move higher though, we feel that although choppy, this market could go much higher, perhaps as high as 6900.
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.
