DAX, CAC and MIB Forecasts – European Indices Looking Ready to Fight Back

European indices showed signs of recovery on May 18, 2026, as traders pushed back against earlier selling. The German DAX (Germany 40) reclaimed the 24,000-euro level, with upside potential toward 24,500–25,000 euros and near-term support around 23,700. France’s CAC (France 40) formed a bullish hammer and may test the 200-day EMA near 8,068 euros (and the 50-day EMA nearby), helped by cooling bond yields. Italy’s MIB gapped lower but is attempting to fill the gap toward 49,000, with the 50-day EMA near 47,300 and support at 47,000. Overall technical readings imply a constructive, bullish tilt for major European indices if momentum holds.