The Parisian index fell during the course of the day on Monday, testing the €4080 handle. This is an area that was once previous resistance, so now we
The Parisian index fell during the course of the day on Monday, testing the €4080 handle. This is an area that was once previous resistance, so now we feel that the market should find support here. We will wait to see whether or not we get a supportive candle in order to start buying now, as we would prefer to have a better technical setup. However, we recognize that there is a lot of noise below, and quite frankly are hesitant to start selling a market that has as much noise underneath it.
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.
