FRA40 is heading towards 6295.5000 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
A possible move on FTSE 100 as it heads towards resistance
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this line before,…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is moving towards a support line which it has tested numerous times in the past. We…
Important resistance line being approached by US 500. This price has been tested numerous time in the last 9 days
US 500 is trapped in a Pennant formation, implying that a breakout is Imminent. This is a great…