The Milanese exchange had a fairly volatile session again on Wednesday, as we continue to grind around the 22,500 region. Ultimately, we believe that the
The Milanese exchange had a fairly volatile session again on Wednesday, as we continue to grind around the 22,500 region. Ultimately, we believe that the buyers will continue to go higher and run this market. We think pullbacks on short-term charts could be used as potential buying opportunities, and therefore we have no interest in selling. Ultimately, if we can get above the top of the shooting star that went as high as 22,900 a few sessions ago, we believe the market is then free to head towards the 23,700 level over the longer term.
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.
