FRA40 is heading towards 6364.5000 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A final push possible on FRA40 as it starts approaching a price line of 6364.5000.
