FRA40 has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 34 days and suggests a possible target level to be around 7546.3687 within the next 4 days.
Bulls aim for 7546.3687 after the FRA40 triggered a bearish formation on the 4 hour chart
