FRA40 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 8010.8615 may materialize within the next 12 hours.
After testing support twice in the past, FRA40 has finally broken through. Can we expect a bearish trend to follow?
