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FTSE 100 could see 6940
The week started out with such high hopes for the index, but bullish momentum has faded, with yesterday’s bounce to 6880 petering out after the European Central Bank meeting and its associated disappointment. Throughout the week 6820 held as support, so a push through here would signal sustained weakness is on its way, perhaps down to 6780 in the first instance and then the 1 September low at 6720.
Any bounce would need to clear the 6880-6900 zone, to put the index back on course for 6940 and higher.