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Trading Signals for FTSE100
FTSE100 has recently breached the support line at 8249.0996, indicating a potential bearish trend. Traders should be aware of the following:
Technical Indicators Used:
- Support Line: 8249.0996
- Potential Target: 8199.2139
- Additional Test of Support Level Possible
Correlation with Assets:
FTSE100 may correlate with other major stock indices such as S&P 500 and DAX30. Traders should monitor these assets for confirmation of the bearish trend in FTSE100.
Economic Calendar Events:
Traders should keep an eye on economic calendar events such as GDP reports, interest rate decisions, and employment data that may impact the movement of FTSE100. These events can provide additional insight into the potential direction of the index.
By staying informed and utilizing these trading signals, traders can make more informed decisions when trading FTSE100.
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