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.
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.
