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It’s time to make a decision on FRA40 – its recent breach of 7967.5000 could be a sign of a new trend to follow.

FRA40 has broken through a line of 7967.5000. If this breakout holds true, we could see the price of FRA40 heading towards 7854.6499 within the next 5 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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Supports and resistances are primary concepts of technical analysis. USD/CHF is heading for an important price of 0.9152 – read about what this could mean for the future.

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If EUR/USD touches 1.0647 it may be time to take action.

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