The exchange had a slightly volatile session during the day on Wednesday, as we continue to hang about the 2080 handle. However, we believe that there is
The exchange had a slightly volatile session during the day on Wednesday, as we continue to hang about the 2080 handle. However, we believe that there is enough support just below to push this market higher given enough time, and as a result we are buyers. We have no interest in selling, and we believe that the 2050 level below is essentially the “floor” in this market. As we grind our way higher, we do fully anticipate seeing the S&P 500 break out to fresh new highs, and continue the uptrend overall.
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.
