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FTSE 100 eyes 7553
The index continues to defend the 7300 area, but price action over the past few weeks has been indecisive at best. So long as 7300 holds then bulls can contemplate another attempt to push on and take out the falling trendline from the June highs, which has come back into play following the losses last week.
A daily close above last week’s highs of 7553 would indicate a new attempt to break the June all-time high is now in play.