FRA40 has broken through the resistance line of a Ascending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 8 days and suggests a possible target level to be around 35.0944 within the next 12 hours.
FRA40 – breach of a trending resistance line that has been tested at least twice before.
