September 27th – Support & Resistance Levels for DAX & CAC
The global stock markets are trading consolidating into sideways trends, especially, the European indices are muted after taking an impact
The global stock markets are trading consolidating into sideways trends, especially, the European indices are muted after taking an impact from the Septembers 24th Elections. It's the best opportunity for us to trade the range.
Technically, the DAX is bullish but needs a solid reason to break out the narrow trading range of $12550 – $12645. Within this range, we can enjoy buying and selling with stops outside the range levels.
Let's take a look at weekly 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: 12541.77 R1: 12642.85
S2: 12510.55 R2: 12674.07
S3: 12460.01 R3: 12724.61
Key Trading Level: 12592.31
CAC40- Weekly Trading Levels
Support Resistance
S1: 5236 R1: 5295
S2: 5218 R2: 5314
S3: 5188 R3: 5343
Key Trading Level: 5266.26
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