FRA40 - Intraday - We look to Sell at 5190 (stop at 5230)
Bespoke resistance is located at 5206. Selling pressure from 5230 resulted in all the initial daily gains being overturned. Buying posted in Asia. Bespoke support is located at 4896. Levels close to the 50% pullback level of 5141 found sellers. Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.
Our profit targets will be 4997 and 4980
Resistance: 5141 / 5192 / 5230
Support: 5080 / 5052 / 4995
Bespoke resistance is located at 5206. Selling pressure from 5230 resulted in all the initial daily gains being overturned. Buying posted in Asia. Bespoke support is located at 4896. Levels close to the 50% pullback level of 5141 found sellers. Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.
Our profit targets will be 4997 and 4980
Resistance: 5141 / 5192 / 5230
Support: 5080 / 5052 / 4995
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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.