CAC40: ⬆️ Buy
– CAC40 rising inside intermediate impulse wave (3)
– Likely to reach resistance level 7965.00
The CAC40 index continues to rise within the intermediate impulse wave (3), which began earlier from the support level of 7565.00 (the lower border of the sideways price range within which the index has been moving since May).
The active impulse wave (3) is a part of the longer-term upward impulse wave 3 from the end of June.
CAC40 index can be expected to rise to the next resistance level 7965.00, which is the upper border of the active price range.
Source: Fxpro