European stock indices are trading in the green zone today on positive GDP stats from Germany.
As of today’s European trading session, the situation looks as follows:
· FTSE 100: no change - 5795,43.
· CAC 40: + 0,2 % up to 3503,45.
· DAX 30: + 0,2 % up to,56.
The chart below, courtesy of , reflects the current state of affairs in the market of EURO STOXX 50.
The index has managed to consolidate above a major level of resistance located at 2497. This confirms the bull’s intentions to keep dominating the market. The closest levels of resistance are 2557-2576-2605. The highest level is the mid-term high. Therefore, it is crucial for determining the mid-term prospects of the index.
