The FTSE100 is seen opening higher this morning after the long Easter holiday weekend, driven by robust US economic data. However, technically the UK index has not moved above the 6780 to 6800 resistance area yet, and therefore a retracement lower to the 50-period moving average around 6760 is expected. Alternatively, a sustained move above 6800 will trigger an acceleration to the upside.
Support: 6760 / 6720
Resistance: 6780 / 6800
Risk Warning: 79% of retail CFD accounts lose money
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