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FTSE 100 holding on
The FTSE flirted with 7400 yesterday but held above it, and this morning is only fractionally lower.
Below 7400 it would target 7380 and then 7358, the 200-hour simple moving average (SMA), while in case of a bigger pullback, the index would head towards the 50-day SMA at 7269. Only a close below 7174 would really indicate that the rally has run its course.
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