The FTSE 100 index might rise in the medium term, according to the daily and weekly charts. The RSI oscillator stays above 50 on both charts, and this is a sign that the price may rise. Moreover, the price has already reached EMA 50 and EMA 200, on the daily chart.
The FTSE 100 remains in positive territory amid upbeat economic data from the UK instead and limited fallout from latest Brexit developments.
The most important data of this week:
BOE Chief Mark Carney speaks on Financial Stability
UK Unemployment rate 4.2% expected ( 4.2% previous)
UK CPI MoM 0.2% expected ( 0.4% previous)
YoY 2.6% expected ( 2.4% previous)