The CAC had a slightly positive session during the day on Wednesday, but at the end of the day really did move too much. The market now looks as if it’s
The CAC had a slightly positive session during the day on Wednesday, but at the end of the day really did move too much. The market now looks as if it’s ready to continue to go higher, and on a move above the 4180 level, we believe that the market should continue to go much higher. We believe that the market will target the €4500 level, but it will more than likely have several pullbacks between here and there. We believe the pullbacks should continue to find buyers, but right now the market looks like it’s ready to consolidate.
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.
