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.
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.
