The Parisian index did very little during the session on Friday, as Europe itself was relatively quiet. With that being the case, the market looks as if
The Parisian index did very little during the session on Friday, as Europe itself was relatively quiet. With that being the case, the market looks as if it’s ready to go higher, but we may have to take a little bit of a break. Pullbacks at this point in time should continue to see buyers step back into the marketplace, as we believe that the CAC will continue to grind higher. Be aware the fact that it will be a bumpy ride up to the €4500 handle, which is our longer-term target in the Parisian index.
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.
