The Ibex gapped higher at the open on Monday, and then fell significantly down towards the €10,100 level. With that being the case, the market looks as if
The Ibex gapped higher at the open on Monday, and then fell significantly down towards the €10,100 level. With that being the case, the market looks as if it is going to continue to drop here, as the €10,000 level looms large below. Ultimately, we believe that the buyers will step back into this marketplace, but at this moment it does appear that the sellers have reappeared and taking control for the short-term. We aren’t necessarily interested in selling at the moment though, because we believe that the €10,000 level will in fact offer support.
Ibex Forecast October 28, 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.
