The Ibex had a slightly positive session on Friday, but as you can see really didn’t have much in the way of momentum. Nonetheless, we feel that this
The Ibex had a slightly positive session on Friday, but as you can see really didn’t have much in the way of momentum. Nonetheless, we feel that this market has broken out to the upside, and should now find buyers on short-term dips. With that, we are very bullish and we believe that ultimately this market goes as high as €11,200 over the next several weeks. With that being the case, we feel that this is a “buy only” type of situation, and that the market has in fact found a bottom recently.
Ibex Forecast October 27, 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.
