The Ibex initially fell during the course of the session on Tuesday, but found enough support near the €10,250 level to turn things back around and form a
The Ibex initially fell during the course of the session on Tuesday, but found enough support near the €10,250 level to turn things back around and form a bit of a hammer. The hammer of course is a bullish sign, and as a result we believe that a break above the top of the hammer should send this market back towards the €10,600 level. Ultimately, we do believe that this market continues to go higher, but it is going to be more of a grind than anything else. With that, you will have to be patient to collector profits.
Ibex Forecast November 11, 2015, Technical Analysis
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.
