The Ibex went back and forth during the course of the day on Friday, forming a relatively neutral candle. The €10,000 level below offered quite a bit of
The Ibex went back and forth during the course of the day on Friday, forming a relatively neutral candle. The €10,000 level below offered quite a bit of support, as it has several times previously. Ultimately, we believe that this market could bounce from here but we need to see a move above the top of the range at the €10,200 level on Friday in order to start buying. Once we do get that move, we feel the market is reaching towards the €10,500 level. A break down below the €11,000 level should send this market looking towards the €9700 level.
Ibex Forecast November 16, 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.
