The breakout of FRA40 through the 7058.5000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, FRA40 could test 6775.2500 within the next 5 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 7058.5000 numerous times, FRA40 has finally broken through. Can we expect a bearish trend to follow?
