Cac 40 may fall to 7570.00 - 7646.00

Pivot

7760.00

Our preference

Short positions below 7760.00 with targets at 7646.00 & 7570.00 in extension.

Alternative scenario

Above 7760.00 look for further upside with 7810.00 & 7855.00 as targets.

Comment

As long as 7760.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7855.00

7810.00

7760.00

7662.30 Last

7646.00

7570.00

7500.00

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