DAX & CAC Trading Levels Levels – ECB President Draghi Speaks In Focus - Forex News by FX Leaders

DAX & CAC Trading Levels Levels – ECB President Draghi Speaks In Focus

Posted Thursday, September 21, 2017 by
Arslan Butt • 1 min read

The European indices are heading north after the FED Monetary Policy release and now the European investor's focus shifts to the ECB President Mario Draghi. His remarks are most likely to impact German stock market index along with French index.

At 13:30 (GMT), ECB President Draghi Speaks is due to deliver opening remarks at the European Systemic Risk Board annual conference in Frankfurt. Let's take a look at major trading levels for the DAX (German index) & CAC (France index). In addition, refer to FX leader support and resistance trading strategy article in order to trade below levels profitably.

DAX – Weekly Trading Levels

Support               Resistance

S1: 12,416.12            R1: 12,566.78

S2: 12,369.58           R2: 12,613.31

S3: 12,294.25           R3: 12,688.65

Key Trading Level: 12,491.45

CAC40- Weekly Trading Levels

Support             Resistance

S1: 5,156.95           R1: 5,224.32

S2: 5,132.12           R2: 5,262.27

S3: 5,091.90          R3: 5,302.50

Key Trading Level: 5,197.20

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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