The Ibex broke higher during the course of the week in order to clear the €10,300 level, and more importantly the hammer from the previous week. That
The Ibex broke higher during the course of the week in order to clear the €10,300 level, and more importantly the hammer from the previous week. That being the case, we feel that the market should continue to go much higher, probably aiming for the €11,200 level, which of course was the recent high that we have had twice. Because of this, we believe that we will head to that area and then eventually break out above it. We have no interest in selling this market as it does in fact look bullish at this point.
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.
