FRA40 is heading towards a line of 34.9200. If this movement continues, we expect the price of FRA40 to test 34.9200 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
FRA40 is quickly approaching 34.9200. We expect either a breakout through this line, or a rebound.
