The Parisian index rose during the course of the session on Tuesday, as all European indices bounced a bit during the open. With that, the market looks as
The Parisian index rose during the course of the session on Tuesday, as all European indices bounced a bit during the open. With that, the market looks as if it is going to try to break above the top of the gap, and if we can get above the €4650 level, we would be buyers at that point time as it should allow for the markets to continue going even higher. Because of this, we believe that the market will eventually rally, and we are not ready to start selling anytime soon. If we got a shooting star on the daily chart that could change our opinion, but at this point in time this market looks like it is going to try to rally.
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.
