FRA40 has broken through a support line of a Rising Wedge and suggests a possible movement to 7033.1086 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
FRA40 – breach of a trending support line that has been tested at least twice before.
