The Parisian index fell during the course of the session on Thursday, crashing into the €4800 level. This is an area that should have quite a bit of
The Parisian index fell during the course of the session on Thursday, crashing into the €4800 level. This is an area that should have quite a bit of support though, simply because it is the bottom of the gap that formed in early July. Because of this, we are buying opportunities on supportive candles as the CAC should continue to find buyers overall. However, if we break down significantly below the lows of the session on Thursday, we think this market will probably then head down to the €4600 handle below as it was a massive turnaround level.
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.
