The Parisian index gapped higher at the open on Thursday, and then went back and forth around the €5000 level. The gap above should be resistance, but we
The Parisian index gapped higher at the open on Thursday, and then went back and forth around the €5000 level. The gap above should be resistance, but we believe ultimately this market should continue to go higher over the longer term. We are simply waiting for an impulsive move higher or a supportive candle below in order to start buying the CAC yet again. We have zero interest in selling this market as it has shown so much resiliency as of late. With this, we fully anticipate seen this market go to the €5200 level.
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.
