The Parisian index fell hard during the course of the session on Tuesday, breaking the bottom of the hammer from the Monday session. However, we think
The Parisian index fell hard during the course of the session on Tuesday, breaking the bottom of the hammer from the Monday session. However, we think there is more than enough support below to turn this market back around sooner or later, so we are waiting to see if we get a supportive candle in order to take advantage of what we think is a growing uptrend. After all, the most recent high was higher than the one before, course has us thinking about buying and not selling. We believe €5000 below will be massively supportive based upon psychological significance as well.
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.