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FTSE 100 pushes higher overnight
Currency fluctuations have been playing a major part here, with the overnight activity pushing the index higher. As the session gets underway there is a clear degree of caution surrounding UK assets, but for the time being there seems little desire to push the index back to 7000, the first support level to watch for.
Any bounce needs to clear 7060 and then move on to 7132. If 7000 is broken then we look towards 6939, and then the rising trendline from the mid-September low, which comes into play around 6900.