CAC 40 Futures Forecast October 25, 2012, Technical Analysis

posted
By FX Empire Analyst - Christopher Lewis
Print
Font Size
T
T
T
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Paris saw the CAC fall during the session on Wednesday, and test the €3400 level. This area begins a significant amount of support all the way down to the €3500 level, and as such we expect this market to be somewhat elevated at this point. However, we admit freely that the €3300 level is an area that if we break through, market should fall quite a bit farther. In the meantime, we are simply waiting to see how the market reacts to this general vicinity, and will not hesitate to buy supportive candles if they should appear.

 

CAC 40 Futures Forecast October 25, 2012, Technical Analysis

CAC 40 Futures Forecast October 25, 2012, Technical Analysis

Find a Broker
Continue to FX Empire Network