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.
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.
