The Parisian index initially fell on Monday but found enough support below to turn things back around and form a hammer. The gap at the 5125 level of
The Parisian index initially fell on Monday but found enough support below to turn things back around and form a hammer. The gap at the 5125 level of course offered support, as one would expect. We believe that the market should continue to go higher, but we need to clear the 5220 level in order to feel comfortable buying. At this point in time, we feel it’s only a matter of time before we break out but you will have to be patient to wait for that trading opportunity. We have absolutely no interest in selling the CAC.
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.
