Trade of the day CAC40

CAC40 is retesting the strong downside support confluence

 

CAC40 is retesting the strong downside support confluence 6680. A break above this confluence would open the road for more highs. A rejection will lead to a reversal lower and another test of the key downside resistance 6400. We see upside here limited and will search for the short trade entries

Note: look for the short trade entries with the sop loss above 6700

 

CAC40 price action analysis

 

 

 

 

 

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