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 broke support level 6640.00
• Likely to fall to 6445.00
FTSE index continues to fall after the price broke the key support level 6640.00 (former resistance from December – which stopped the previous minor impulse wave 1)
The breakout of the support level 6640.00 coincided with the breakout of the daily up channel from November.
FTSE is expected to fall further toward the next support level 6445.00 (target price for the completion of the active impulse wave 3).
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