Mixed result in for European stock indices to end the week

Technical Analysis

Author: Greg Michalowski | german-dax

Big declines for the week for the major European stock indices

The European major indices are ending the session with mixed results for the day. For the week gets a different story as shares plunged across the European continent.

The provisional closes are showing:
  • German Ibex, -0.19%
  • France's CAC, +0.61%
  • UK's FTSE 100, +0.14%
  • Spain's Ibex, +0.4%
  • Italy's FTSE MIB, +0.3%
For the week, the provisional closes are showing:
  • German DAX, -8.5%. Worst week since March
  • France's CAC, -6.4%
  • UK's FTSE 100, -4.7%. Worst week since June
  • Spain's Ibex, -6.5%
  • Italy's FTSE MIB, -6.9%
For the month:
  • German DAX, -9.44%
  • France's CAC, -4.36%
  • UK's FTSE 100, -4.92%
  • Spain's Ibex, -3.94%
  • Italy's FTSE MIB, -5.64%
Looking at the daily chart for the German DAX, the lows this week scraping along the 38.2% retracement of the 2020 trading range. That level comes in at 11472.22 the low today at 11450.08 dipped below that level, but rebounded back higher by the close. Move below that level next week would be more bearish.

Big declines for the week for the major European stock indices

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose