Jeff_Trad

Short term consolidation

CURRENCYCOM:FR40   CAC 40
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I expect the French CAC40 index to consolidate to 5850pts following the recent rally that has brought the RSI in the overbought territory and has enabled the closing of the Gap at 5995. Further more the index has reached the resistance level of the inner ascending channel that has rejected it several times in the past.

Let me know what you think of this idea in comments.

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