The IBEX as you can see went back and forth during the session on Monday, as we continue to bounce around just below the €10,000 handle. If we can get
The IBEX as you can see went back and forth during the session on Monday, as we continue to bounce around just below the €10,000 handle. If we can get above there, we feel that the IBEX will have enough momentum to continue going higher, and we would of course be buyers at that point in time. On the other hand, a pullback in this general vicinity should have us buying, as the market should in fact find plenty of support below in order to attract those who seek value in the European indices.
IBEX Forecast October 21, 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.
