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 13 days and suggests a possible target level to be around 5682.5883 within the next 14 hours.
FRA40 – breach of a trending support line that has been tested at least twice before.
