The CAC as you can see tried to rally during the week, but found the €4350 level before too resistant to hang onto. The candle at the end of the session
The CAC as you can see tried to rally during the week, but found the €4350 level before too resistant to hang onto. The candle at the end of the session on Friday formed a shooting star, and as a result it does look like it’s a little bit vulnerable at this moment in time. With that being the case, we think that this market could very well pullback slightly, but we are not looking at selling. We simply are looking at lower prices and signs of support in order to start buying again.
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.
