CAC 40 is moving towards a support 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 7273.8162 within the next 11 hours.
CAC 40 is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
