Germany DAX Index:
- Germany DAX index has recovered till 10664 after making a low of 10448. It is currently trading at 10592.
- The index minor support is around 10440 and break below targets 10370/10000.
- On the higher side major resistance is around 10700 (200 day 4 H MA) and break above confirms minor trend reversal a jump till 10880/11000 is possible.
It is good to sell on rallies around 10600-650 with SL around 10800 for the TP of 10610/10380.
UK FTSE 100:
- FTSE 100 has slightly recovered till 6125 after making a low of 6048. Short term trend is still weak as long as resistance 6180 holds.
- Any break above 6180 will take the index till 6235/6285/6300. The minor resistance is around 6130/6150
- The pair's major support is around 6050 (Nov 16th low) and break below targets 6000/5925.
It is good to sell on rallies around 6130-40 with SL around 6181 for the TP of 6055/6000
France CAC Index:
- CAC has recovered till 4660 after making a low of 4570 from that level. It has closed around 4600.
- On the higher side minor resistance is around 4730 and any break above 4730 will take the index to next level 4805/ trend reversal only above 4860.
- The index support is at 4570 and below that level will target 4518/4380.
It is good to sell on rallies around 4660-70 with SL around 4730 for the TP of 4570/4520.
