CAC Forecast: Pulls Back from 200-Day EMA

The Parisian index had a picture-perfect pullback from the 200 Day EMA during the session on Wednesday, making for a classic technical analysis pullback. The Parisian index has been a bit overdone for a while, so it’s not a huge surprise to see that we are starting to see a little bit of hesitation. After all, the European Union has a whole litany of problems coming its way, and therefore it’s a bit difficult to get bullish.

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