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
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.
