FRA40 has broken through a line of 29.6200 and suggests a possible movement to 30.3890 within the next 12 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 15 days.
Big movement expected on FRA40 after a breach of 29.6200
