The breakout of FRA40 through the 6418.5000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of FRA40 to test 6498.2500 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 6418.5000 numerous times, FRA40 has finally broken through. Can we expect a bullish trend to follow?
