This trade setup on FRA40 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7580.8035.
Related Posts
US 500 keeps moving closer towards 5923.4502. Will it finally breach this level?
US 500 is moving towards a line of 5923.4502 which it has tested numerous times in the past.…
Nikkei 225 broke through a support at 2025-05-29T14:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 37165.6666.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is moving towards a key support level at 23930.6992. DAX 40 has previously tested this level…