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Breach of 28.7700 could mean a start of a bearish trend on FRA40

FRA40 has broken through a line of 28.7700. If this breakout holds true, we expect the price of FRA40 to test 27.6585 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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