According to the 8 hour chart, France CAC 40 index will fall in the medium term. It breaks out of its range at 4897 and this is a confirmation of downtrend. Also, the MACD indicates a downtrend in the medium term.
The France CAC 40 index will fall in the medium long term, according to the daily chart. The price is below EMA 15 and this indicates that France CAC 40 will go down at 4612, where is Fibo 0.61. Daily MACD lines are still negative.