The FTSE fell during the session on Tuesday, as the market continues to grind back and forth in this area, looking for a reason to go higher. The area is
The FTSE fell during the session on Tuesday, as the market continues to grind back and forth in this area, looking for a reason to go higher. The area is the bottom of a larger consolidation area, and as a result we think that the buyers could come back into play down here, and try to reach the top again. No matter, we think it will be choppy to say the least. The 6400 level below is the bottom of the consolidation area, so we are certainly aware that this could be an interesting level to watch.
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.
