The Parisian index fell hard during the course of the day on Wednesday, slicing through the €4000 handle. Because of this, it appears of the Parisian
The Parisian index fell hard during the course of the day on Wednesday, slicing through the €4000 handle. Because of this, it appears of the Parisian index will continue to fall and as a result we are most certainly selling at this point in time every time this market rallies. A short-term bounce offer short-term selling opportunities, and we will sell the CAC again and again. We have no interest in buying the CAC until we get back above the 4150 level, something that does not look very likely anytime soon. With that, we are bearish.
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.
