FRA40 is moving towards a line of 7175.5000 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 7175.5000 within the next 7 hours.
Important price line being approached by FRA40. This price has been tested numerous times before.
