The Parisian index broke higher during the course of the session on Monday, breaking the top of the hammer from the Friday session. Because of this, we
The Parisian index broke higher during the course of the session on Monday, breaking the top of the hammer from the Friday session. Because of this, we appear to be building up bullish momentum, and as a result we should continue to go higher. Any type of a pullback at this point in time should be a buying opportunity, and as a result we feel this is one of the better markets to be involved in. We believe that the 5000 level below of course is massively supportive, as it is a large, round, psychologically significant number.
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.
