Cac 40 may fall to 7505.00 - 7523.00

Pivot

7654.00

Our preference

Short positions below 7654.00 with targets at 7523.00 & 7505.00 in extension.

Alternative scenario

Above 7654.00 look for further upside with 7710.00 & 7746.00 as targets.

Comment

As long as 7654.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7746.00

7710.00

7654.00

7550.92 Last

7523.00

7505.00

7460.00

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