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Charting indices: markets pause following ECB spike

We are seeing bullish signs on the FTSE 100 and are coming back to the 6,429 level, a major area of resistance. 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

The DAX benefitted heavily from yesterday’s ECB’s press conference, and the fact that it hasn’t fallen back is a bullish sign. The Dow appears to be comparable with its peers when looking at price action, but its support levels tell a different story. Here the 200-day SMA is providing resistance, and IG analyst Josh Mahony sees a potential for a retracement lower.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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