Expected Next Move for the French CAC on the Daily Timeframe

The French CAC is approaching key supply and resistance levels on the daily timeframe, which are expected to determine its next direction.

Currently, we have several possible scenarios for the French CAC on the daily timeframe.

Expected Scenarios

The first scenario is a pullback and decline, which is highly likely if strong sell signals appear at the supply levels.

In the event of a decline, the index is expected to drop to the 8400 level and then to the demand zones below, near 8220.

The second scenario is a continuation of the upward trend, which requires breaking through the supply levels and closing above them with a candlestick.

In the event of an upward trend, the index is expected to target the 8780 and 8900 levels, respectively.

In any case, please pay close attention, exercise caution, avoid hasty decisions, and focus on sound money management.