The Parisian index initially fell during the course of the day on Tuesday, finding support at the 5080 handle. With this, the market ended up bouncing
The Parisian index initially fell during the course of the day on Tuesday, finding support at the 5080 handle. With this, the market ended up bouncing enough to form a hammer. The hammer as you can see is very strong looking, and as a result we should continue to go higher, probably heading towards the €5200 level given enough time. We are buyers of short-term pullbacks, and believe that this market is going to be one of the best performers going forward when it comes to the European Union. We have no interest whatsoever in selling this market.
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.
