FRA40 has broken through the resistance line of a Falling Wedge 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 7 days and suggests a possible target level to be around 5835.4945 within the next 18 hours.
FRA40 – breach of a trending resistance line that has been tested at least twice before.
