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.
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.
