The Parisian index went back and forth during the course of the session on Thursday, forming a fairly neutral candle after the initial Higher. Ultimately,
The Parisian index went back and forth during the course of the session on Thursday, forming a fairly neutral candle after the initial Higher. Ultimately, the €5000 level continues offer significant resistance, so we need to break above the top of the range for the day on Thursday in order to start buying. On the other hand though, we could use pullbacks as entries to the upside as well, as we see a massive amount of support near the €4800 level. We have no interest in shorting this market at all as it looks so bullish.
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.
