The Parisian index fell during the course of the session on Monday, breaking below the 4950 handle. However, there is more than enough support below to
The Parisian index fell during the course of the session on Monday, breaking below the 4950 handle. However, there is more than enough support below to keep this market afloat, as we see a massive gap at the 4800 level that should be essentially a “floor” in this particular market. Ultimately, a supportive candle appearing is what we need to see, in order to start buying again. If we don’t get that, and break above the 5000 handle, that is good enough as well, and we would start buying there also. We have no interest in selling this market.
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.
