Augustus1st

Will FRA40 break 2008 resistance ?

GLOBALPRIME:FRA40   Indice CAC40
Here we are, fighting against this resistance !

There's a strong uptrend, but the French market is now trying to break this major resistance, wich was, a few years ago, still a strong resistance CAC didn't break.

Fundamentally, the whole country is still under restrictions for the next two weeks (for the moment) and only important markets are still open. The only real explanation for this uptrend is that investors are looking forward and hope for an economic bounce, for the summer and with current vaccine campaign.
Also, the major information for this week is the results, given by a lot of companies. This will be the major point for breaking this resistance.

Wait and see for the next step !