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The FRA40 is showing strong potential for further upside, having rebounded from the new 1-year low of 6750.62. Since then, the price has been steadily rising, indicating the emergence of a bullish trend. However, to confirm continued upward movement, it must establish a stable position above the 1-month pivot point (PP). If this doesn't happen, support levels may be tested again before any further gains can occur. Overall, the sentiment is currently neutral, with a long-term outlook leaning more toward bullish.
TradeWithTheTrend3344
The FRA40 is showing strong potential for further upside, having rebounded from the new 1-year low of 6750.62. Since then, the price has been steadily rising, indicating the emergence of a bullish trend. However, to confirm continued upward movement, it must establish a stable position above the 1-month pivot point (PP). If this doesn't happen, support levels may be tested again before any further gains can occur. Overall, the sentiment is currently neutral, with a long-term outlook leaning more toward bullish.
TradeWithTheTrend3344
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.