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FRA40 is approaching 7087.5000. We expect either a breakout through this line, or a rebound.

FRA40 is heading towards a line of 7087.5000. If this movement continues, the price of FRA40 could test 7087.5000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

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After testing 129.9219 numerous times, 10 year US Treasury Note DECEMBER 2021 is once again approaching this price point. Can we expect a bullish trend to follow?

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