The Parisian index broke higher during the course of the day on Wednesday, after initially dipping at the open. However, the most important thing that we
The Parisian index broke higher during the course of the day on Wednesday, after initially dipping at the open. However, the most important thing that we see on this chart is the fact that we did in fact form a hammer, and that of course is a very bullish and positive sign. With that, we believe that a break above the €4120 level would in fact send the buyers back into this marketplace, and into the previous consolidation area. With that, we are bullish on the breakout to the upside. Pullbacks should continue to attract buyers as well.
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.
