The Parisian index gapped higher at the open on Wednesday, and then try to get above the €5000 handle. However, this is an area that has caused quite a
The Parisian index gapped higher at the open on Wednesday, and then try to get above the €5000 handle. However, this is an area that has caused quite a bit of resistance and therefore we pulled back a little bit. Ultimately though, we feel that this market will break out to the upside and above the €5000 level, so we are buyers of pullbacks and show signs of support. We of course also buy the breakout above that level, as we think the market will then reach towards the €5100 level and beyond.
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.
