FRA40 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 16.4580 can be expected within the next 12 hours.
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Resistance line breached by FRA40. This price has been tested at least twice before.
November 13, 2020 6:15 pm
