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.
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.
