The Parisian index fell hard during the course of the week, slicing through the €4100 level and looking very likely to continue going lower. With that, we
The Parisian index fell hard during the course of the week, slicing through the €4100 level and looking very likely to continue going lower. With that, we feel that this market will ultimately test the €4000 level, and a move below there is indeed very negative. With that, it appears of the market should continue to drop much lower if we get below there, as it would be the absolute floor giving out to selling pressure. We have no interest in buying at the moment, and do recognize of the Looks very vulnerable.
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.
