The Parisian index went much higher during the course of the week, testing the €5000 level. However, we still believe that there is some work to be done
The Parisian index went much higher during the course of the week, testing the €5000 level. However, we still believe that there is some work to be done in order to get above there, but once we do clear that area we feel that the CAC will reach towards the €5200 level, which of course offered quite a bit of resistance previously. Ultimately, this is a market that we have no interest in selling as there is more than enough support just below. With this, we remain bullish over the longer term.
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.
