The Milanese exchange gapped higher at the open on Tuesday, and then just shot up from there. However, the 19,500 level did of course offer a bit of
The Milanese exchange gapped higher at the open on Tuesday, and then just shot up from there. However, the 19,500 level did of course offer a bit of resistance, and we have not overcome the massively bearish candle from the Monday session. With that, we are cautious in need to see a move above the 19,800 level in order to be comfortable buying. However, if we pullback from here and found some type of supportive candle near 19,000, we would consider buying at that area as well as the market certainly seems to have a bit of bullish pressure underneath it.
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.
