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.
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.
