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.
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.
