Major European Indices Technical Analysis

DAX:

• DAX retreated after making a high of 10400 at the time of writing . Overall trend is still weak as long as resistance 10700 holds.
   
• Any break above 10700 will take the pair to next level minor resistance is around 10400.
   
• The index major support is around 10320 (trend line joining 9301 and break below targets 10120/10000.
   
• Short term bullishness only below 11000

It is good to sell on rallies around 10500-550 with SL around 10700 for the TP of 10320/10120

UK FTSE 100:

• FTSE 100 has recovered after making a low of 6065. Short term trend is still weak as long as resistance 6180 holds.
   
• On the higher side major resistance is around 6180 and any break above 180 will take the index till 6235/6270/6300.
   
• The pair's major support is around 6100 and break below targets 6050/5970.

It is good to sell on rallies around 6125-6130 with SL around 6181 for the TP of 6100/6050

France CAC Index:

• CAC has recovered till 4579 today at the time of writing and started to decline from that level. It is currently trading at 4515.
   
• On the higher side minor resistance is around 4605 and any break above 4605 will take the index to next level 4670/ trend reversal only above 4750.
   
• The index support is at 4460 and below that level will target 4380/4275.

It is good to sell on rallies around 4550-60 with SL around 4610 for the TP of 4460/4385.