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