Outlook on FTSE 100, DAX 40 and CAC 40 following last week’s large outflows.
IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 79.50%, while traders in USD/JPY ar...is once more trying to regain some of last week’s losses when its European peers were dragging it down amid their election turmoil sell-off. The UK blue chip index is once more trading back above its 55-day simple moving average at 8,173 with Thursday’s high at 8,220 being back in sight.
The 200-day simple moving average at 7,619 is short-term being targeted but is likely to act as resistance. Above it lies the 7,704 late January high.
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