FRA40 is moving towards a line of 32.9800 which it has tested numerous times in the past. We have seen it retrace from this position 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 may see it move towards 32.9800 within the next 8 hours.
Important price line being approached by FRA40. This price has been tested numerous times before.
