Technical Analyst, Saxo Bank Group
Summary: AEX 25 and CAC 40 indecisive but indicators point to lower Index levels. BEL 20 bouncing off support but struggling to get back above 200 Moving Average
CAC 40 seems a bit indecisive but indicators point to lower levels. RSI is showing negative sentiment with no divergence and the Index sits currently below 55 daily MA.
If CAC 40 closes below 6,885 downtrend resumes with potential down to strong support at around 6,380.
A close above 7,163 will put the Index in neutral where one should wait for direction.
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