The MIB as you can see fell during the course of the day on Monday, testing the 22,200 level. With this, the market looks as if it is ready to continue
The MIB as you can see fell during the course of the day on Monday, testing the 22,200 level. With this, the market looks as if it is ready to continue grinding in general, so therefore any type of supportive candle in this region should be a nice buying opportunity. We believe that the MIB will eventually reach towards the 22,800 level, and then areas above there. We have no interest in selling, simply because most European markets look like they are well supported at the moment, and we believe that the MIB will simply follow suit.
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.
