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Breach of 7592.5000 could mean a start of a bearish trend on FRA40

The breakout of FRA40 through the 7592.5000 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 7569.9502 within the next 7 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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Important price line being approached by UK100. This price has been tested numerous times before.

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