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FTSE 100 turning lower after deep retracement
The FTSE 100 is selling off from the 76.4% retracement this morning, following a wide rebound through much of yesterday.
This points towards a likely continuation of that bearish theme, with a break below the 7621 low looking likely. A break through the top of this month-long range (7706) would negate this bearish short-term outlook.
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