The Parisian index fell apart during the course of the day on Thursday, slicing through the €4340 level. This area was pretty significant as far as
The Parisian index fell apart during the course of the day on Thursday, slicing through the €4340 level. This area was pretty significant as far as support was concerned, and as a result the fact that we broke through there was in fact a very negative. On top of that, we even went below the €4300 level, which was even more important in our opinion. That being said, we are sitting just above another cluster though, so quite frankly if you choose to sell the CAC, you may want to wait for short-term rally. As far as buying is concerned, we don’t have a set up yet.
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.
