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.
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.
