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.
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.
