The Parisian index fell during most of the week, testing the €4250 level for support. It did in fact find it, but this market still looks a bit soft as
The Parisian index fell during most of the week, testing the €4250 level for support. It did in fact find it, but this market still looks a bit soft as far as we can see. Because of this, we feel that there is a significant amount of support near the €4200 level, and then the €4100 level. Either way, we would buy a supportive candle between here and there, binds aren’t necessarily comfortable selling until we break down below the €4100 level from a longer-term perspective. In the meantime though, patience will be paramount.
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.
