The Ibex fell during the course of the day on Wednesday, as we continue to consolidate in this general vicinity. We believe that the €10,000 level
The Ibex fell during the course of the day on Wednesday, as we continue to consolidate in this general vicinity. We believe that the €10,000 level continues offer support, so as we fall, we will be looking for supportive action in order to start buying again. Ultimately, the market should go higher, possibly going to the €11,000 handle. That being the case, the market is one that we are willing to buy, but we do not have the proper trades set up at the moment in order to start risking our trading capital.
Ibex Forecast October 30, 2014, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
