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- Major resistance- 6780 (Jul 27th high).
- The index has broken major support 6680 (55 4H EMA) and declined till 6664 at the time of writing It is currently trading around 6665.
- Short term bullishness can be seen only if FTSE100 breaks above 6780.
- On the higher side, any break above around 6780 will take the index to 6814 (161.8% retracement of 6743 and 6610)/6850.
- The minor support is around 6680 (55 4H EMA) and any close below targets 6610 (Jul 15th low/6400 (200 4H MA).
It is good to sell on rallies around 6725-6730 with SL around 6780 for the TP of 6610/6400
