FRA40 at Critical Resistance Zone: Bearish Move Ahead?
FRA40 is currently trading within a significant resistance zone. This area has previously acted as a turning point, suggesting the potential for a bearish reversal if sellers regain control.The current price action indicates that the market is testing this resistance zone, and any signs of rejection, such as bearish candlestick patterns or wicks signaling supply absorption, could confirm a potential move to the downside.
If the resistance holds, I anticipate a downward move toward the 7,573.08 level, which is a logical target for potential profit-taking.
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