European indices: Scenario Analysis & exploring key levels - Paul Wallace

Nov 17, 2016, 04:51 PM

The talk of the single currency and the Euro project as a whole is heading into the docks is gathering pace again. This also means the European equity markets could be in for a beating.

Hence it is important that the trading community takes note of the number of scenarios that could unfold over the next one year and the key technical levels that could come into play.

Paul Wallace, Financial Trader talks about the political/economic scenarios that could affect the major European equity indices and points to key long-term technical levels that could make or break the trend. While discussing the outlook for the German DAX, Wallace points an interesting fact - the recent weakness in the Euro has failed to push the index above the key level of 10,800.

Watch the full video to know the key technical levels on - MIB 40, CAC 40, IBEX 35 and DAX - that could make or break the indices. Wallace is joined by Tip TV’s Zak Mir and Alessio Rastani from

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