The Ibex gapped higher at the open on Friday, and then just continued to go higher than that. With this being the case, the market looks as if it is going
The Ibex gapped higher at the open on Friday, and then just continued to go higher than that. With this being the case, the market looks as if it is going to reach towards the €10,400 level, which has been resistance recently. The move above there has this market going much higher, probably towards the €11,000 level. Pullbacks at this point time should be buying opportunities on signs of support. We think the 10,000 level below will continue to offer a bit of a “floor” in this market as European indices in general look fairly lively.
Ibex Forecast October 19, 2015, 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.
