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Possible rise and dip after 8820 tested Monday | 8770 8730 support | 8820 8840 resistance

#1 · 3rd June 2025, 10:22 am

Technical analysis for FTSE 100 for 3rd June 2025

The bulls managed the 8220 resistance level but not until late in the evening, having fought back well from the drop to 8730 yesterday. It looks like more of the same today with a rise and dip playing out, and a bit of Bear Tuesday kicking in later, and traders will be keeping an eye on the Eurozone CPI data out at 10:00. The forecast is a drop to 2%.

To start with today we have a bullish 2h chart and support from that at the 8770 area with both the Hull MA and green coral in this area, along with the 30m 200ema at 8772. If the bulls can defend any initial test of this area then we should see a rise to test the 8824 once again, and possibly as high as 8847 where we have the key fib, and also R1 at 8840.

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