September 27th – Support & Resistance Levels for DAX & CAC - Forex News by FX Leaders

September 27th – Support & Resistance Levels for DAX & CAC

Posted Wednesday, September 27, 2017 by
Arslan Butt • 1 min read

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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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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