The breakout of FRA40 through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of FRA40 to test 32.9592 within the next 7 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, FRA40 has finally broken through. Can we expect a bearish trend to follow?
