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FTSE higher on the US-China phase 1 trade deal optimism – FTSE 100 Market Outlook – 25/08/2020


The FTSE 100 hit our long entry resistance target at 6100 tracking U.S. indices higher on the back of upbeat market sentiment following reports of progress on the U.S-Sino phase 1 trade deal and optimism surrounding a Coronavirus vaccine. Further upside is favorable as long as we print above the 200 period SMA providing the closest support level.

Support: 6100 / 6050
Resistance: 6160 / 6220

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-higher-on-the-us-china-phase-1-trade-deal-optimism-ftse-100-market-outlook-25-08-2020
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