Major European Stock Technical Analysis

DAX:

• DAX has broken major support 10380 which confirms minor trend reversal a decline till 10120/10000 is possible. Overall trend is still weak as long as resistance 10700 holds.
   
• Any break above 10700 will take the pair to next level 11000.
   
• 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 broken major support which confirms major trend reversal, decline till 6050/5970 is possible. Short term trend is still weak as long as resistance 6235 holds.
   
• On the higher side major resistance is around 6235 and any break above 6235 will take the index till 6270/6300/6325.
   
• The pair's major support is around 6100 and break below targets 6050/5970.

It is good to sell on rallies around 6180-90 with SL around 6235 for the TP of 6100/6050

France CAC Index:

• CAC has broken trend line support around 4580 (trend line joining 4466 and 4523) and declined till 4497. It is currently trading at 4549.
   
• 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 4600-4610 with SL around 4705 for the TP of 4460/4385.