Cac 40 may fall to 7505.00 - 7560.00

Pivot

7649.00

Our preference

Short positions below 7649.00 with targets at 7560.00 & 7505.00 in extension.

Alternative scenario

Above 7649.00 look for further upside with 7695.00 & 7722.00 as targets.

Comment

As long as 7649.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7722.00

7695.00

7649.00

7570.81 Last

7560.00

7505.00

7460.00

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