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.
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.
