European stock indices cannot find common dynamics as speculators stay cautious amid another 2-day FRS meeting, which started yesterday.
The current market situation looks as follows:
· Stoxx Europe 600: + 0,1 % up to 280,61.
· CAC 40: -0,18 % down to 3639,56.
· DAX: + 0,19 % up to 7603,88.
· FTSE 100: - 0,07 % down to 5920,69.
The chart below, courtesy of , reflects the current state of affairs in the market of EURO STOXX 50. The price is currently trying to consolidate above 2605, which is a positive sign for the bulls. The price is probably trying to start a bigger-scale uptrend. The key levels of support for a retracement move are 2589-2562.
