The Parisian index rose during the course of the day on Tuesday, testing the €4440 level. We managed to pull back from there though, showing signs of
The Parisian index rose during the course of the day on Tuesday, testing the €4440 level. We managed to pull back from there though, showing signs of resistance. With that, if we can break above the aforementioned €4440 level, we feel that the market goes to the €4500 level. A move above there sends this market looking for the €4600 level next, and then ultimately higher than that. Any pullback in the meantime, we are buying supportive candles as the market should continue to much higher given enough time. We have no interest in selling, there is far too much in the way of support below.
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.
