The Milanese exchange fell hard during the course of the day on Wednesday, dropping well below the 19,000 level. Now that being the case it appears that
The Milanese exchange fell hard during the course of the day on Wednesday, dropping well below the 19,000 level. Now that being the case it appears that the market will continue to fall from here, as the last 10 of support has been decimated. The market now could enter a bit of a freefall, so we are looking for rallies to continue selling this marketplace as we don’t see support until 18,000 or so. As far as buying is concerned, we would have to get back above the 19,500 level, something that does not look very likely.
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.
