FTSE gets a Greek boost, bringing bullish sentiment
European equities have been at the mercy of Greek negotiations in recent weeks, and this is yet again the dominating force behind today’s early morning FTSE price action. The announcement of an agreement from notable Eurogroup members has provided us with a strong move higher and a number of crucial resistance levels have been passed through on the way. As such, I am bullish for a continuation of this recovery we are seeing, with the 6623 level representing a key support level which must hold for me to remain bullish. Resistance points in view are at 6808 and 6883.