The Parisian index initially fell during the course of the session on Tuesday, testing the €4900 level. With this, the market should start to build more
The Parisian index initially fell during the course of the session on Tuesday, testing the €4900 level. With this, the market should start to build more upward pressure as we ended up forming a hammer. A break above the €4950 level should send this market reaching for the €5000 level above. If we can break above there, and then becomes more or less a longer-term buy-and-hold type of situation. We think pullbacks continue to offer value as well, as this market is so heavily supported just below. Quite frankly, we see the 4750 region as the “floor.”
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.
