As of 8 March, the European indices of FTSE100, DAX, and CAC40 have lost from 6% to 10% of the price since the start of trading on 24 February.
Today, on the daily chart of CAC40, we observe some correction which may reach the Fibonacci retracement level of 38.2%.
However, further decline in the index is indisputable amid the unfavorable geopolitical situation.
The expected levels of decline are 5390 and 5150.
This content is for informational purposes only and is not intended to be investing advice.
