FTSE 100 H1 Technical Analysis: Key Support Test at 8680-8700

Looking at the H1 timeframe for the FTSE 100, we're observing a critical technical setup:

Market Structure:

Price testing key support zone after recent downward pressure
Clear bearish momentum from recent highs at 8833
Moving averages aligned bearishly
Blue box indicating potential continuation zone lower

Key Levels:

Immediate Resistance: 8700
Critical Support: 8682
Current Price: ~8694
Next Support Target: 8616 (Shown in blue box)

Technical Indicators:

Volume showing increased selling interest at highs
Momentum indicators in bearish territory
All major moving averages now acting as resistance
Clear lower highs and lower lows structure forming

Trading Considerations:

Watch for reaction at current support (8682-8700 zone)
Potential for further downside if support breaks
Key resistance now at previous structure around 8750
Risk management crucial at these technical junction points

Trade closed: target reached

Full TP hit.

FXCapitalClub

I hope you’ve had a great day and that your screens were green. 🌟

Happy Trading, and see you next time! 💹✨

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

FXCapitalClub

I hope you’ve had a great day and that your screens were green. 🌟

Happy Trading, and see you next time! 💹✨

Also on: