The Parisian index fell significantly during the course of the week as most European indices did, but we think there is plenty of pressure underneath the
The Parisian index fell significantly during the course of the week as most European indices did, but we think there is plenty of pressure underneath the keep this market going higher. This is especially true near the €4700 level, so if we get some type of supportive candle in that area we are not going to hesitate at all to start buying. We’ve no interest in selling, because quite frankly there’s so much in the way of support below and noise underneath that level that it is going to be difficult to continue the downward momentum.
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.
