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FTSE 100 falls into trendline support
The FTSE 100 dropped below the key 7457 support level, pointing towards a retracement of the wider move from 7341. So far we have dropped below the 50%, with the 61.8% in view, should we break below trendline support.
In either case, as long as the price remains above 7341, this current downturn looks like a buying opportunity rather than anything to worry about.