FRA40 has broken through a line of 7541.0000 and suggests a possible movement to 7473.0498 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 20 days.
FRA40 may be on a start of a new bearish trend after its breakout through this important support level
