FRA40 is heading towards a price line of 28.6200 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
A final push expected on FRA40 as it starts approaching a price line of 28.6200.
