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.
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.
