FTSE 100 H1 Technical Analysis: Key Support Test at 8680-8700 Looking at the H1 timeframe for the FTSE 100, we're observing a critical technical setup:
Market Structure:
Price testing key support zone after recent downward pressure
Clear bearish momentum from recent highs at 8833
Moving averages aligned bearishly
Blue box indicating potential continuation zone lower
Key Levels:
Immediate Resistance: 8700
Critical Support: 8682
Current Price: ~8694
Next Support Target: 8616 (Shown in blue box)
Technical Indicators:
Volume showing increased selling interest at highs
Momentum indicators in bearish territory
All major moving averages now acting as resistance
Clear lower highs and lower lows structure forming
Trading Considerations:
Watch for reaction at current support (8682-8700 zone)
Potential for further downside if support breaks
Key resistance now at previous structure around 8750
Risk management crucial at these technical junction points