The FTSE fell slightly during the session on Friday, finding support at the 6375 handle. With that being the case, the market looks as it is finding a bit
The FTSE fell slightly during the session on Friday, finding support at the 6375 handle. With that being the case, the market looks as it is finding a bit of support in this general vicinity, and the fact that we formed a hammer on the Thursday session certainly does not hurt that situation either. With that, it’s very likely that we will continue to see buyers step into this marketplace, and a move above the hammer on the Thursday session is reason enough to start buying yet again. We believe that the FTSE is going to grind higher, but the key word there of course is grind.
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.
