The Parisian index gapped lower at the open on Wednesday, testing the €4900 level. However, we did get a little bit of a bounce and form something along
The Parisian index gapped lower at the open on Wednesday, testing the €4900 level. However, we did get a little bit of a bounce and form something along the lines of a hammer. Because of this, we think that the market is going to go higher from here, and therefore we are bullish. On a break above the top of the range for the session on Wednesday, or even better yet a break above the top of the gap at the €4960 handle, we would be buyers. We don’t have any interest in selling at this moment.
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.
