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FTSE 100: Resistance ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE 100 Technical Analysis: Daily Chart Momentum: MACD: Positive RSI: Neutral Stochastic: Sell signal Daily Price Action Trend: Neutral Last relevant high: 6,065.8 Last relevant low: 5,845.5 Comment: The FTSE rallied yesterday with the banking sector leading London premium market higher. Technically we do have a buy pattern, but we are at the area where we would expect to find resistance and with such big data due in the US at 1:30 London time our old heads are going to enjoy a relaxing

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