The Ibex as you can see broke higher during the day on Tuesday, but haven’t quite filled the gap yet. With this, we anticipate that short-term buying
The Ibex as you can see broke higher during the day on Tuesday, but haven’t quite filled the gap yet. With this, we anticipate that short-term buying opportunity should exist. We have no interest in selling, and in fact would expect this market to go much higher we can clear the €10,500 level. At this point in time though, the one thing that we can count on is volatility. We don’t have any interest in selling at the moment, but a rally that shows significant resistance could be reason enough to start shorting the Ibex again.
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.
