The Ibex initially gapped higher at the open on Thursday, and then turned back around to fall quite a bit. We still haven’t filled the gap completely, so
The Ibex initially gapped higher at the open on Thursday, and then turned back around to fall quite a bit. We still haven’t filled the gap completely, so it’s likely that we could drift a little bit lower before seen buyers get involved. On a supportive candle, we are buyers of this market though, but we also recognize that the gap above should be resistive as well. Once we get above the €11,150 level, we are buyers of this market as it should continue to go much higher. We have no interest in selling this market at this moment.
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.
