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

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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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