The Parisian index initially gapped higher at the open on Friday, and then turned back around to look for support near the 54 handle. By doing so, we
The Parisian index initially gapped higher at the open on Friday, and then turned back around to look for support near the 54 handle. By doing so, we turned back around to form a hammer. That being the case, if we can break above the top the hammer, we believe that the market continues to go higher, heading towards the 5200 level. We like the CAC overall, and have absolutely no interest in selling this market as it tends to be one of the more stable and reliable European indices that we follow.
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.
