The IBEX as you can see broke higher during the course of the day on Friday, testing the €10,000 level. With that, it’s very likely that the market will
The IBEX as you can see broke higher during the course of the day on Friday, testing the €10,000 level. With that, it’s very likely that the market will continue to go higher, but we need to see at least the €10,000 level broken to the upside, and would really like to see the €10,300 level broken to the upside as it is not only a positive sign, but is a longer-term buying signal as well. With that, we suspect that pullbacks will continue to attract buyers, as we should eventually find our footing somewhere in this area.
IBEX Forecast October 20, 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.
