FTSE Forecast for July 1, 2014, Technical Analysis » Fx Empire …
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The FTSE tried to rally during the session on Monday, but could not keep the gains and ended up forming a negative candle. We still have plenty of support down near the 6700 level though, so we are bit hesitant to start selling. On the other hand, if we managed to break above the top of the range for the Monday session, we think that would be very bullish and therefore we would be more than willing to start buying this market as it should return to the previous consolidation area, meaning we could go as high as 6880.
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FTSE Forecast for July 1, 2014, Technical Analysis » Fx Empire …
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