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Ibex Forecast November 2, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Oct 31, 2015, 04:39 UTC

The Ibex fell slightly during the course of the session on Friday, testing the €10,300 level. However, there is a significant amount of support all the

Ibex Forecast November 2, 2015, Technical Analysis

The Ibex fell slightly during the course of the session on Friday, testing the €10,300 level. However, there is a significant amount of support all the way down to at least the €10,000 handle, so having said that we are buyers on supportive candles or impulsive moves higher. With that being the case, we are buyers only and have no interest whatsoever in selling this market. We believe that once we get above the €10,600 level, the market should continue to go much higher as it frees us from the selling pressure in the general vicinity.

 

Ibex Forecast November 2, 2015, Technical Analysis
Ibex Forecast November 2, 2015, Technical Analysis

About the Author

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.

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