The Parisian index fell during the course of the session on Friday, but should find support somewhere below. After all, we have recently made a “higher
The Parisian index fell during the course of the session on Friday, but should find support somewhere below. After all, we have recently made a “higher high”, and that of course means that we are still technically in an uptrend. We believe that the market should go much higher, because the CAC has been such a strong performer. The gap below at the €5120 level could be supportive, but we definitely believe that the €5000 level should be supportive as well. Quite frankly, we are only buying this market going forward as we expect more strength coming out of France.
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.
