FRA40 is moving towards a line of 12.3200 which it has tested numerous times in the past. We have seen it retrace from this positions 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 can expect it to reach 12.3200 within the next 12 hours.
Related Posts
DOW 30 – approaching a price line that has been previously tested numerous times in the past
DOW 30 is moving towards a resistance line. Because we have seen it retrace from this level in…
CAC 40 is quickly approaching a very important level it has previously tested numerous times in the past
The movement of CAC 40 towards 7798.7002 price line is yet another test of the line it reached…
Nikkei 225 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 2 days.
Rising Wedge pattern identified on Nikkei 225 has broken through a support level with the price momentum continuing…