Major European Indices Technical’s

DAX:

  • DAX has made a high of 10876 and started to decline from that level. Overall trend is still weak as long as resistance 11000 holds.
  • Any break above 11000 will take the pair to next level 11150/11400.
  • The index minor support is around 10680 and break below targets 10600/10380.
  • Short term weakness only below 10380

It is good to sell on rallies around 10820-850 with SL around 11000 for the TP of 10600/10390

UK FTSE 100:

  • FTSE 100 declined after making a high of 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 4750 and any break above 4750 will take the index to next level trend reversal only above 4805.
  • The index support is at 4600 and below that level will target 4520/4460.

It is good to sell on rallies around 4695-4700 SL around 4750 for the TP of 4600/4520.

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

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