The Parisian index fell hard during the course of the day on Tuesday, slamming into the 4200 level. The market has quite a bit of noise below, so even if
The Parisian index fell hard during the course of the day on Tuesday, slamming into the 4200 level. The market has quite a bit of noise below, so even if the market goes lower – we aren’t necessarily excited to be involved. The candle does look very negative though, and because of this we feel that this market will probably try to reach the 4100 level, as it was such a significant support area before. The ability to buy this market just isn’t there are the moment, so we are essentially on the sidelines at the moment.
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.
