A London Stock Exchange sign sits on glass in the atrium of the London Stock Exchange Group Plc's offices in Paternoster Square in London, U.K., on Monday, July 25, 2016. Deutsche Boerse AG has yet to secure shareholder acceptance for its 10.6 billion-pound ($13.9 billion) takeover of London Stock Exchange Group Plc, although it edged closer with 55.5 percent of investors giving it the go ahead. Photographer: Chris Ratcliffe/Bloomberg
• FTSE 100 falling inside impulse wave 5
• Likely to fall to support at 6700.00
FTSE 100 index continues to fall inside the sharp downward impulse wave 5 which started earlier from the key resistance level 7125.00 (previous monthly low from April), intersecting with the 20-day moving average.
The active impulse wave 5 belongs to the intermediate impulse wave (C) from the middle of August. FTSE 100 index can be expected to fall further toward the next support level 6780.00 (low of wave 3) – the breakout of which can lead to further losses toward the round support at 6700.00.
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