The breakout of FRA40 through the 15.5300 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of FRA40 to test 17.1550 within the next 6 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 15.5300 numerous times, FRA40 has finally broken through. Can we expect a bullish trend to follow?
