The IBEX as you can see fell hard on Thursday, losing over 3% for the day. We also sliced through the €10,750 level, an area that had been supportive. We
The IBEX as you can see fell hard on Thursday, losing over 3% for the day. We also sliced through the €10,750 level, an area that had been supportive. We are now below the €10,500 level, so it appears that we will probably make a run back down towards the €10,000 level given enough time. There is noise below though so any rallies at this point time should be short-term in nature, offering a selling opportunity. We don’t really have any real interest in buying this market at this moment as it looks broken.
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.