FxWirePro: FTSE100 faces strong support at 6600, good to buy on dips

• Potential Reversal Zone - 6610
   
• The index has formed triple bottom around 6600 and started to jump from that level. It is currently trading around 6792.
   
• The index jumped till 6999 and started to fall from that level.
   
• FTSE100 is facing strong resistance at 7000 and any break above will take the index till 7130/7306 (1.13% retracement of 7127 and 5494)/7470 (161.8% retracement of 7130 and 6611).The minor resistance is around 6835 (5- day MA)/6865 (55- day EMA).
   
• The minor support is around 6700 (88.6% retracement of 6646 and 7130) and any break below will drag the index down till 6611/6431 (Jul 6th 2016 low).

It is good to buy on dips around 6700 with SL around 6640 for the TP of 6855/6925