Wednesday 15 August 2018

FTSE100: Fighting for support at 7545 cloud chart level.

FTSE100: Fighting for support at 7545 cloud chart level.

FTSE100 failed to hold support at top end of the cloud! It is overall very negative for price action to take place below the cloud chart. Bottom of cloud is now a new resistance zone, with short-term swings up to that level.

For now a key support level is being tested at 7545, with downside risk at 7509!


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