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Add as a preferred source on Google FTSE100 breaks major support 6210, targets 6100/6060 Major support: 6210 (200 day 4HMA) Major resistance - 6300 (55 day 4H EMA) The index has retreated after making a high of 6290. It is currently trading around 6210. Short term trend is weak as long as resistance 6300 hol…
By FxWire Pro May 3, 2016, 9:17 AM UTC
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Major support: 6210 (200 day 4HMA)
Major resistance - 6300 (55 day 4H EMA)
The index has retreated after making a high of 6290. It is currently trading around 6210.
Short term trend is weak as long as resistance 6300 holds. Any break above 6300 will take the index up till 6350/6410/6450.
Overall trend reversal only above 6450 level.
On the lower side any break below 6210 will drag the index down till 6105/6060/6000.
It is good to sell below 6210 with SL around 6300 for the TP of 6105/6060
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