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Bear Tuesday with 7420 7399 7380 support | 7470 7499 resistance

#1 · 28th November 2023, 10:16 am

Technical analysis for FTSE 100 for 28th November 2023

European shares slipped on Monday, hurt by weakness in healthcare stocks, while real estate stocks limited losses as they were supported by sharp gains in UK property portal Rightmove.

The dollar extended its losing streak on further bets the Federal Reserve is almost done with its rate-hiking cycle. Treasuries steadied after a rally. The greenback fell for a fourth day and is headed for its worst month since last November as traders turned more optimistic about the likelihood of Fed rate cuts. The South Korean won and Thai baht led the gains in Asia, with the won jumping the most in nearly two weeks.