Cac 40 may fall to 7517.00 - 7556.00

Pivot

7640.00

Our preference

Short positions below 7640.00 with targets at 7556.00 & 7517.00 in extension.

Alternative scenario

Above 7640.00 look for further upside with 7682.00 & 7722.00 as targets.

Comment

As long as 7640.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7722.00

7682.00

7640.00

7580.03 Last

7556.00

7517.00

7460.00

Number of asterisks represents the strength of support and resistance levels.