Begins validation for bearish pullback of FTSE100
MarketsFN Team
•1 min read
The stock index is losing 0.37% to 7,522.6, after failing to advance above last week highs.
The retracement of today, despite its low magnitude, can be viewed as the beginning of a bearish leg for the FTSE100, that would see its confirmation below 7.461 and then accelerate selling pressure underneath 7,400 points.
In case buying activity would interrupt this bearish trend, likely to see a more neutral view above 7,566 and then near 7,685.
