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FTSE 100 looks set for further losses
The FTSE 100 is falling once more with a bearish, engulfing pattern forming off the back of an overnight rebound. With the break below 7535 and 7520 support levels, it looks likely we will see further downside to come from here.
On this shorter-term chart, there is a good chance that we will see a break lower rather than a rally above 7526. Should we see that swing high broken, then this would point towards further upside over the near term.