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ECB Rate cut | rise and dip | 8822 8843 8900 resistance | 8787 8758 support

#1 · 5th June 2025, 9:55 am

Technical analysis for FTSE 100 for 5th June 2025

A decent little range on the FSTE100 yesterday between 8780 and 8820, and today we may well dip a bit lower to test the 8760 area. The bulls however will still be keen to try and get it back above 8800 and break the 8824 daily resistance level to keep alive hopes of a test of 8900.

Initial support is at the 30m 200ema at 8787 and we may well see an initial bounce off this to start with, and a bit of buy the rumour sell the news playing out ahead of the (likely) ECB rate cut at 13:15. At 1330 we also have the USA Initial Jobless Claims, with a forecast drop to 236k. We will likely get some volatility around this time.

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