The Milanese exchange initially gapped lower at the open on Wednesday, and then turned back around to fill the very same gap. Ultimately though, we kept
The Milanese exchange initially gapped lower at the open on Wednesday, and then turned back around to fill the very same gap. Ultimately though, we kept falling, as European indices struggled. The MIB of course is going to be much more sensitive to negative pressure than more core European indices, so the fact that we got a significant move is in a huge surprise. With this, we are looking for some type of supportive candle below though, as we think there is more than enough support at several levels just underneath the current level.
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.
