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.
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.
