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.
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.
