Pashabxl

FRA40. Towards a dowside correction until 4967

FX:FRA40   CAC 40 Index
CAC 40             or FRA40             as you wish is in a correction process on the dowside. This correction may go until 4967 before ECB put on the table the second part of its QE i.e 60 bio€.
On a 4H or 1D there isn't yet any sign of reversal trend. which means that this is just a correction for the time being.
The correction will be confirmed on a 2H and 4H . And if on a 1D there is no sign, then this will be just considered as a correction rather then a change of trend.
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