The Ibex as you can see gapped lower at the open on Wednesday, slicing below the €11,000 level. While this is a very negative turn of events, we are near
The Ibex as you can see gapped lower at the open on Wednesday, slicing below the €11,000 level. While this is a very negative turn of events, we are near a gap. Quite frankly, we think the buyers will come back into this market given enough time, but right now we have a Euro that is strengthening drastically. This is probably spooking some of the “weak hands” in the marketplace right now. We are waiting to see a supportive candle in order to start going long as we feel that the market will ultimately break out.
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.
