Ftse Mib: a rise still to be ridden. Eur / Usd: new discounts?

The Ftse Mib continues to update the highs of the year without showing any sign of slowing down for now. What developments do you foresee in the short term?

It is undeniable that the Ftse Mib trend remains bullish, like that of other equity indices, both European and American.

It should be noted that in the last few days there has also been an increase in trading volumes and this contributes to giving support and making the movement in progress more reliable.

The session of last Monday is emblematic and interesting, with a wider expansion of volatility than on Friday.

This could mean on the one hand a possible bull trap, or it could be like a real upward push, thus leading to further progress.

We must not reject the possibility of attending some retracements after the strong rises made up to now.

Some reversals would also be possible and in the end it would not even bother you that much, on the contrary it would eventually help a further bullish development.

Let us not forget that the Ftse Mib has to close a gap in the area of ​​23,000 / 22,950, but at the moment it does not seem that this could happen within a few sessions.

We therefore continue to ride this rise and it is useless to try to move against the current trend because it would be a very dangerous operation.