European stocks look to continue winning streak to wrap up the week

In particular, French stocks are shrugging off political concerns and have climbed up to its highest in over three weeks. The CAC 40 index is also targeting a potential technical break higher amid a double bottom pattern off 7,100 at the end of last month:

The 100-day moving average (red line) will pose a key challenge though but so far, European equities are keeping the optimism in December trading.

Elsewhere, the DAX is up 0.2% to climb above 20,400 with the Eurostoxx up 0.3% and inching towards the 5,000 mark. Once again, it amplifies the case that the stock market is not the economy.

This article was written by Justin Low at www.forexlive.com.