The Ibex initially fell during the course of the session on Friday, but found enough support near the €10,200 level to turn things back around and form a
The Ibex initially fell during the course of the session on Friday, but found enough support near the €10,200 level to turn things back around and form a hammer. The hammer of course suggests that the buyers are getting ready to step back into this market and push this market back towards the €11,000 level. We think that we will not only reach that area, but end up going higher than that. Pullbacks should be buying opportunities given enough time though, so at this point in time we have no interest whatsoever in selling.
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.
