The Milanese exchange fell during the course of the day on Tuesday, crashing into the 19,775 region. The fact that we are now below the 20,000 level has
The Milanese exchange fell during the course of the day on Tuesday, crashing into the 19,775 region. The fact that we are now below the 20,000 level has us a bit concerned about the ability for the market to go higher, but at this point in time we are not willing to sell into what looks like quite a bit of noise all the way down to 19,000 or so. With that, we simply feel that there are easier trades out there and we will more than likely just avoid the MIB at the moment.
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.
