The CAC 40 Index had a pretty wild back and forth session during the Friday session as we formed a long-legged doji for the day. We are currently at the
The CAC 40 Index had a pretty wild back and forth session during the Friday session as we formed a long-legged doji for the day. We are currently at the top of an extended move, and have broken out above the €3600 level recently. Because of this, we may need to pullback a little bit and catch our breath before we continue higher. Nonetheless, we do like this market on a pullback will signs of support. We expect to see that support at the 3570 level, if we do fall from here. Alternately, if we managed to break above the 3620 level, we think this market could go much higher.
CAC 40 Index Futures Forecast December 10, 2012, Technical Analysis
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.
