Last week saw steep losses for indices, but some early gains have been seen in opening trading on Monday.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....
After two days of heavy losses, the index still remains above its previous highs, as investors brace themselves for a busy week of earnings. Further declines will target 40,080, and then down to rising trendline support from mid-June. Bulls will look for a revival back above 40,500 to suggest that a low has been formed for the time being.The price neared the 50-day simple moving average last week and has moved higher this morning. It will need a move back above 19,800 to suggest that a low has formed. This might then see the index target the previous highs of around 20,750.
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