The global stocks opened with a sharp bullish trend since tensions between the United States and North Korea have lessened. However, the German 30 and FRA are in the overbought trading zone, and it seems investors may halt buying European indices until there is a retracement. 

Let's take a look at weekly trading levels for the DAX (German Index) & CAC (France Index). Keep a close eye on every resistance, as it can be a level where the market shows reversals. In addition, learn more about FX Leader's support and resistance trading strategy to trade profitably.

DAX – Weekly Trading Levels

Support            Resistance

S1: 12410         R1: 12554

S2: 12365         R2: 12599

S3: 12293         R3: 12671

Key Trading Level: 12482.45

CAC40- Weekly Trading Levels

Support             Resistance            

S1: 5154             R1: 5221

S2: 5133             R2: 5242

S3: 5100             R3: 5275

Key Trading Level: 5187