The Parisian index as you can see fell slightly during the session on Monday, but found enough support just below the €4000 level to form a relatively
The Parisian index as you can see fell slightly during the session on Monday, but found enough support just below the €4000 level to form a relatively supportive looking candle. Because of this, we believe that the market will continue to go higher and we are looking for short-term buying opportunities. On the other hand, if we get above the €4100 level on a daily close, we would be a strong buyer on a market that could very easily find itself bouncing back to the €4500 handle. Any pullback at this point time should continue to offer value.
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.
