Major European Indices Technical’s

DAX:

  • DAX has broken major resistance 10863 and jumped till 10876. Any break above 10865 will take the index till 11010(200 day MA)/ index is currently trading around 10856.
  • The index minor support is around 10680 and break below targets 10600/10380.
  • Short term weakness only below 10380

It is good to buy at dips around 10700 with SL around 10600 for the TP of 11010/11150

UK FTSE 100:

  • FTSE 100 has broken major resistance 6300 and jumped till 6321. Short term trend is slightly bullish as long as support 6200 holds.
  • On the higher side major resistance is around 6325 and any break above 6325 will take the index till 6368/6400
  • The pair’s major support is around 6200 and break below targets 6150/6128. The minor support is around 6240.

It is good to buy at dips around 6250 with SL around 6200 for the TP of 6325/6368

France CAC Index:

  • CAC has recovered till 4702 after making a low of 4523 is currently trading at 4681.
  • On the higher side minor resistance is around 4705 and any break above 4705 will take the index to next level 4750/ trend reversal only above 4805.
  • The index support is at 4550 and below that level will target 4460/4380.

It is good to buy at dips around 4650-60 SL around 4600 for the TP of 4705/4750.

The material has been provided by InstaForex Company – www.instaforex.com

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