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Markets get spooked by Macron | 8170 8150 support | 8250 8296 resistance

#1 · 10th June 2024, 9:39 am

Technical analysis for FTSE 100 for 10th June 2024

Well we are starting the week negatively, as the political landscape continues to undergo a bit of a shift with France's snap election being called by Macron. The right (far or otherwise) is certainly gaining some traction across Europe. Following Fridays decline on the FTSE100 from the 8300 level the momentum remains with the bears and the daily EMAs have crossed over to bearish this morning, with the 8250 level locking in as key resistance now.

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