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FTSE uptrend coming back into play
The FTSE is showing signs of resurgence this morning, with the price breaking above the 7365 level following a failure to break below the 7338 low (and 38.2% retracement).
This points toward the potential for this current move lower to provide a buying opportunity for the index. Thus, look out for a move into the 7346-7348 (70%-76.4%) support zone as a potential area for longs.
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