FRA40 is moving towards the support line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FRA40 continues in its current trajectory, we can expect it to reach 5587.0000 within the next 2 days.
Important support line being approached by FRA40. This price has been tested numerous time in the last 11 days
