The IBEX went back and forth during the course of the session on Tuesday, showing €10,000 for support. Because of that, the market looks as if it’s going
The IBEX went back and forth during the course of the session on Tuesday, showing €10,000 for support. Because of that, the market looks as if it’s going to bouncer here, but we need to clear the €10,300 level in order to go higher. On a move above there, we feel that the market could go as high as €11,000. That being the case, we could get a nice longer-term buying opportunity here, but we have to be patient and wait until we see that appear. On the other hand, if we broke down below the €10,000 level, we feel then that the IBEX would continue to fall.
IBEX Forecast October 15, 2014, 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.
