Germany DAX Index:
- Germany DAX index has recovered till 10446 and started to decline from that level. It is currently trading at 10268.
- The index minor support is around 10200 and break below targets 10000/9890.
- On the higher side major resistance is around 10556 (Kijun-Sen) and break above confirms minor trend reversal a jump till 10630/10800 is possible.
It is good to sell on rallies around 10350 with SL around 10560 for the TP of 10000.
UK FTSE 100:
- FTSE 100 has made a low of 5865 and slightly recovered from that level . Short term trend is slightly bullish as long as support 5860 holds.
- On the higher side major resistance is around 6020 and any break above 6020 will take the index till 660/6105/6130. The minor resistance is around 5965.
- The pair's major support is around 5860 and break below targets 5800.
It is good to sell on rallies around 5960-70 with SL around 6020 for the TP of 5870/5800
France CAC Index:
- CAC has recovered after making a low of 4467. It has closed around 4538
- On the higher side minor resistance is around 4640 and any break above 4640 will take the index to next level 4700/ trend reversal only above 4860.
- The index support is at 4500 and below that level will target 4460/4380.
It is good to sell on rallies 4565-75 with SL around 4640 for the TP of 4460/4380.
