FRA40 has broken through a support line of a Rising Wedge and suggests a possible movement to 5509.4408 within the next 4 days. It has tested this line 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 29 days.
Big movement expected on FRA40 after a breach of the support
