The price of FRA40 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
FTSE 100 – breach of price line that’s been previously tested numerous times before
The price of FTSE 100 in heading in the direction of 8326.7842. Despite the recent breakout through 8252.7197…
ASX 200 – approaching a resistance line that has been previously tested at least twice in the past
ASX 200 is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a…
NAS 100 – approaching a price line that has been previously tested numerous times in the past
NAS 100 is en route to a very important line that will be a definite deciding factor of…