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FxWirePro-Major European Indices

Germany DAX - 18545 (+0.54% ) Major resistance- 18900 Near-term resistance - 18600,18790 (Jul 12th high) and 18925 (May 2024 high) Minor support- 18415 (21- 4H EMA,18300,18239 (55-4H EMA), 18155 (23.6% Fib ) 18202 (55 da…

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FxWirePro-Major European Indices
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Germany DAX -  18545 (+0.54% )

 

Major resistance- 18900

 

Near-term resistance - 18600,18790 (Jul 12th high) and 18925 (May 2024 high)

 

Minor support-  18415 (21- 4H EMA,18300,18239 (55-4H EMA), 18155 (23.6% Fib )

 

18202 (55 day EMA), 18154 (21- day EMA).

Trend reversal level- 17000

 

The pair holds above short-term (21, 55 EMA) and long-term (200 EMA) in a 4-hour chart.

 

Indicators

 

ADX- Neutral (4-hour chart)

 

RSI - 68.90 (4-hour chart)

 

 

France CAC -  7546 (+0.55% )

 

Major resistance- 8250

 

Near-term resistance - 7530 (close above 200- 4H EMA),7625 (200- day EMA) and 7800

 

Minor support-  7480 (21- 4H EMA),7420 (55 -4H EMA)

Trend reversal level- 7000

 

Indicators

 

ADX- Bullish (4-hour chart)

 

RSI - 65.94 (4-hour chart)

 

 

UK FTSE 100 - 8311 (0.25% )

 

Major resistance- 8800

 

Near-term resistance - 8415 (Jul 31st 2024),8484 (May 15th, 2024 high)

 

Minor support-  8232 (200- 4H EMA),8090 (61.% Fib)

Trend reversal level- 7900

 

Indicators

 

ADX- Neutral (4-hour chart)

 

RSI - 56.43 (4-hour chart)

 

 

 

 

 

 

 

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