FRA40 is moving towards a line of 29.6200 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If FRA40 continues in its current trajectory, we can expect it to reach 29.6200 within the next 5 hours.
Important price line being approached by FRA40. This price has been tested numerous times before.
