The Parisian index initially fell during the course of the day on Thursday, testing the €4050 level for support. That being the case, the market did end
The Parisian index initially fell during the course of the day on Thursday, testing the €4050 level for support. That being the case, the market did end up breaking out to the upside as we clear the €4100 level without too much drama. We believe that the market goes all the way up to the €4500 level given enough time, and as the French market in that being one of the more so-called “stable” market as it’s part of the European core, we like the CAC overall and have absolutely no interest in selling this market now.
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.
