All trading involves risk. Losses can exceed deposits.

Levels to watch: FTSE 100, DAX and Dow

Indices remain under pressure this morning, with a rally last night hitting resistance. 

All trading involves risk. Losses can exceed deposits.

FTSE 100 continues selling

The FTSE 100 remains under pressure this morning, falling to the lows of the 9 February around 6979, before rebounding slightly.

However, even modest bounces over the past few days have been the catalyst for further selling. Any bounce that fails to move above 7190 will likely be another selling opportunity.

DAX battles to hold level

Euro weakness this morning has allowed the DAX to bounce, as it fights to hold 12,200 for the second day in a row.

However, it will need to breach 12,350 to suggest a more bullish move is in play. From here, 12,477 comes into view. Further declines will test 12,115 and then 12,051.

Dow hits selling pressure

Sellers remain in charge here for Dow Jones, with a rally yesterday finding selling pressure around 24,900. The next areas of possible support come in at 24,413, and then 24,213.

A sustained rally has to get back above 25,100, but the failure to break back above the trendline yesterday suggests there is little upside here for the moment.

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