The Ibex broke higher during the course of the session on Monday as all European indices did, breaking the top of the hammer from Friday. With this, the
The Ibex broke higher during the course of the session on Monday as all European indices did, breaking the top of the hammer from Friday. With this, the market should then continue to go towards the €11,500 level. We believe that pullbacks continue to offer short-term buying opportunities, and that the market has found a bit of a “floor” at the €11,000 handle. We believe that most European indices will continue to go higher anyway, and as a result we think the Ibex of course is one that we would be a buyer of, and not a seller.
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.
