FTSE Opens with Bearish Bias: Potential for New Bearish Impulse
Updated
Today, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be interesting to observe how this index performs in the coming days as market conditions unfold.
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