The Parisian index rose during the course of the day on Tuesday, breaking above the €4000 level handily. The €4100 level above offers a significant amount
The Parisian index rose during the course of the day on Tuesday, breaking above the €4000 level handily. The €4100 level above offers a significant amount of resistance, because of this we believe that breaking above that level is what is considered by us to be a buying opportunity. We would be strong buyers above the €4100 level, and believe that at that point in time, the market would more than likely go to the €4500 level. Pullbacks from here could also be buying opportunities, but patience will be needed in order to capitalize on the support.
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.
