CAC 40 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If CAC 40 continues in its current trajectory, we could see it reach 7900.5306 within the next 6 hours.
CAC 40 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 6 days.
