The breakout of FRA40 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of FRA40 to test 17.4649 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing support twice in the past, FRA40 has finally broken through. Can we expect a bearish trend to follow?
December 22, 2019 10:14 pm
