This trade steup 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 bullish breakout through resistance, it seems to suggest that we could see the next price move to 7053.7166.
FRA40 has broken out from the Falling Wedge pattern. Expect it to hit 7053.7166 soon.
