The IBEX as you can see fell during the course of the sessions for the previous week. However, the €9400 level offered enough support to turn things back
The IBEX as you can see fell during the course of the sessions for the previous week. However, the €9400 level offered enough support to turn things back around and form a nice-looking hammer that is sitting just below the €10,000 level. With that, a break above the €10,300 level would be reason enough to start buying again as we should head to the €11,200 level given enough time. We think that pullbacks should continue to offer support as well, so we have absolutely 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.
