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FRA40 – breach of price line thats been previously tested numerous times before

FRA40 has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 22 days and suggests a target line to be around 12.6910 within the next 3 days.

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We expect a $13.94 movement on DX within 12 hours following the event release at 27 Aug 12:30.

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