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 about to retest a key horizontal support level near 8708.4297. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 8708.4297 Entry: 8754.19 Stop: 8781.4251

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