The breakout of FRA40 through the 32.8529 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of FRA40 to test 32.2524 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 32.8529 numerous times, FRA40 has finally broken through. Can we expect a bearish trend to follow?
