Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on FTSE 100?

Should we expect a breakout or a rebound on FTSE 100?

Should we expect a breakout or a rebound on FTSE 100? post thumbnail image

FTSE 100 is heading towards a line of 8771.7402. If this movement continues, the price of FTSE 100 could test 8771.7402 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by RSI below 40

Target: 8771.7402 Entry: 8639.29 Stop: 8551.8784

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