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.
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.
