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FTSE 100 on the back foot
The FTSE 100 continues to drop back from the highs of last week, potentially creating a new lower high.
Further declines would bring 7400, 7340 and 7290 into play as zones of support. If the index can move back above 7520 then a more bullish view prevails, but any intraday rally that fails to recover 7520 would likely mark a fresh selling opportunity.
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