Testing support as the Catalan saga continues
10,000 is a support zone:
- Broken trend line (resistance should turn to support)
- 50 MA line
- Psychological level
10,500 is resistance
Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500
Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000
Read more about IBEX, EURUSD, DXY, SPX, GBPUSD and Bitcoin in this week's newsetter (#WeeklyMarketsAnalysis)
- Broken trend line (resistance should turn to support)
- 50 MA line
- Psychological level
10,500 is resistance
Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500
Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000
Read more about IBEX, EURUSD, DXY, SPX, GBPUSD and Bitcoin in this week's newsetter (#WeeklyMarketsAnalysis)