Cac 40 may fall to 7460.00 - 7535.00

Pivot

7660.00

Our preference

Short positions below 7660.00 with targets at 7535.00 & 7460.00 in extension.

Alternative scenario

Above 7660.00 look for further upside with 7715.00 & 7740.00 as targets.

Comment

As long as 7660.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7740.00

7715.00

7660.00

7580.00 Last

7535.00

7460.00

7400.00

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