The FTSE as you can see fell during the session on Monday, just as the rest of the European markets did. That being the case, the market feels as if it is
The FTSE as you can see fell during the session on Monday, just as the rest of the European markets did. That being the case, the market feels as if it is trying to find some type of support in this area, and we certainly have formed a nice-looking hammer on the longer-term chart in order to suggest that the weekly time period looks very supportive. That being the case, we are buyers and not interested in selling, because we feel that the market should go back to the 6400 level, and a break above that should be a longer-term opportunity to buy the FTSE.
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.
