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.
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.
