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
DAX 40 hits 22384.2 after a 4.55% move spanning 15 days
DAX 40 has experienced an extremely big movement in last 14 days. It may continue the trend, but…
Nikkei 225 hits 35734.0000 after a run of 6 consecutive daily candles spanning 8 days.
Rare set of consecutive candles on the Nikkei 225 Daily chart. Could we expect a turn around from…
CAC 40 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 6 days.
CAC 40 is moving towards a resistance line which it has tested numerous times in the past. We…