The Parisian index had a very volatile session during the day on Monday, as we essentially hover around the €5000 level. With that being the case we feel
The Parisian index had a very volatile session during the day on Monday, as we essentially hover around the €5000 level. With that being the case we feel it’s only a matter time before we filled the gap above. Ultimately, we do like the CAC in general so we are buying pullbacks as they offer value, and of course a break above the top of the range for the day. The gap above of course will be rather resistive, but we do think that the longer-term uptrend continues given enough momentum returning to the market.
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.
