UK100 index reaches pre-coronavirus levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On February 10, the United Kingdom's top 100 stock index approached the pre-coronavirus high level zone at 7,695.00/7,725.00. However, the resistance of the zone was not even properly tested, and the index started a decline. On February 15, the stocks were finding support in the 7,500.00 mark.

If the index resumes its surge, it would have to pass the 2020 high levels, before reaching higher. Take into account that since November the index has been surging in a channel up pattern. The upper trend line of the pattern could act as resistance.

On the other hand, a decline of the British assets might look for support in the 50-day simple moving average at 7,450.0., Further below, note the 200-day simple moving average near 7,200.00.
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