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FTSE 100 holds on to 7300 for now
Despite heavy losses over the past week, FTSE 100 continued to hold the 7300 area, and looks to be doing so again today.
Below this, the 200-day simple moving average (SMA) comes into play at 7268, and from there a bigger unwind to 7100 could be a possibility. Any rally needs to post a close above 7360 to indicate another attempt at breaking the post-June downtrend is underway.
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