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.
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.
