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FxWirePro: FTSE100 downside capped by 23.6% fib, good to buy on dips

Major support - 7377 (23.6% fib)

 

FTSE100 is in a consolidation phase for the past 5 days and is trading between 7468 and 7379. The index has formed a minor bottom around 7079 on Jun 3rd and jumped more than 5% on account of strong global markets and easing trade war tension. Markets major move can see only after Trump and Xi Jinping meeting in the G20 summit. It hits an intraday high of 7423 and is currently trading around 7418.

 

The near term major resistance is around 7468 high made on Jun 18th 2019 and any convincing break above targets 7500/7530.

 

On the flip side, major support is at 7377 (23.6% fib) and any violation below will take the index to next level 7345/7317 (20- day MA).

 

It is good to buy on dips around 7400 with SL around 7360 for the TP of 7500.

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777828777828m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777828777828m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766008766008m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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