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A pullback is expected before continuing higher – FTSE 100 Market Outlook – 09/11/2020


The FTSE 100 ended Friday’s session on a 7th consecutive daily close in the green, hitting our long resistance target, as we continued to print higher in early trade today, tracking a risk-on move as investors welcomed some clarity back to the markets with Vice President Biden now President elect. Some optimism surrounding Brexit, despite ongoing key differences, as EU-UK boost efforts with Nov. 15 “last” deadline. Technically, failure to breach 6000 resistance level will favor a retest towards 5930 support level.

Support: 5930/ 5885
Resistance: 6000/ 6050

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/a-pullback-is-expected-before-continuing-higher-ftse-100-market-outlook-09-11-2020
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