The MIB as you can see shot straight up during the course of the day on Thursday, mainly in reaction to the ECB doing a surprise rate cut. With that, it
The MIB as you can see shot straight up during the course of the day on Thursday, mainly in reaction to the ECB doing a surprise rate cut. With that, it appears that the market is ready to continue going higher, and we believe that the “peripheral” market will continue to move quicker than the core countries out there. That being the case, we feel that pullbacks will continue to be very bullish opportunities, as buyers will certainly take advantage of perceived value. We have absolutely no scenario in which we sell the MIB, nor any of the other European indices at the moment.
MIB Forecast September 5, 2014, Technical Analysis
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.
