The Milanese index rose during the course of the day on Thursday, as we continue to see bullish pressure. We believe that this market should then reach
The Milanese index rose during the course of the day on Thursday, as we continue to see bullish pressure. We believe that this market should then reach towards the 22,900 level, and that pullbacks at this point in time should be buying opportunities going forward. We have no interest whatsoever in shorting this market, mainly because of all of the bullish pressure that we have seen underneath and essentially near the 22,000 level. Given enough time, we should break above the 23,000 level and continue to go much higher. We have a longer-term target of 24,000 at this point.
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.
