The MIB shot higher during the course of the session on Monday, as we continued to show real strength. We broke above the top of the hammer from the
The MIB shot higher during the course of the session on Monday, as we continued to show real strength. We broke above the top of the hammer from the Friday session, so having said that it appears that the market will reach towards the 22,800 level. With this being the case, the market should continue to go higher, perhaps reaching as high as the 24,000 level. We have no interest in selling this market, as the MIB has shown a significant amount of upward momentum recently. We believe that the MIB will follow the rest of the European markets.
MIB Forecast November 24, 2015, Technical Analysis
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.
