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FTSE 100 falters once more
The FTSE 100 has found it hard to cling on to gains above 7750, with a steady decline from the highs of Monday’s session.
The downtrend line from the highs at 7900 remains intact, despite an attempt to break it. Last week’s support at 7590 is now the area to watch, since if this breaks a deeper retracement is likely. Any rebound needs to clear 7700 and close above the downtrend line to signal a move higher is underway.