The CAC initially gapped lower at the open on Friday, and then turned back around to fill that very same gap. With this, we ended up finding enough
The CAC initially gapped lower at the open on Friday, and then turned back around to fill that very same gap. With this, we ended up finding enough sellers to close at the bottom of the range for the day and form a shooting star. However, we recognize that once we get to the €4600 level, we are starting to get to an area that has a significant amount of support that extends all the way down to the €4500 level. We are simply waiting to see whether or not we get a supportive candle in order to start buying.
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.
