The IBEX fell hard during the session on Tuesday, losing 2%. The €10,400 level has offered support again though, so it looks like the road lower is going
The IBEX fell hard during the session on Tuesday, losing 2%. The €10,400 level has offered support again though, so it looks like the road lower is going to be a bit difficult. With that, we believe that the market will more than likely offer a buying opportunity sooner or later, but we are not willing to step in and try catches falling knife at the moment. On the other hand, we feel that there is a significant amount of support just below in this market as it looks so noisy, so we aren’t necessarily comfortable selling here either.
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.
