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CAC 40 hits 7820.9 after a 4.49% move spanning 14 days

CAC 40 dropped sharply for 13 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in CAC 40 there is a chance that we will witness a correction, no matter how brief.

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EURCAD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.

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