The Ibex as you can see gapped lower at the open of the week, but found support below at the 11,000 level. Ultimately, the market looks as if the
The Ibex as you can see gapped lower at the open of the week, but found support below at the 11,000 level. Ultimately, the market looks as if the volatility continues, but we believe European indices in general are going to go higher. If we can break above the top of the range for the week, we would be buyers but recognize also that the 11,600 level above is a bit of a resistance barrier. Ultimately though, we should go higher. Because of this, we have no interest in selling this market at all.
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.
