12:53 PM · 29 May 2020

Technical alert: FRA40

Let's take a look at the technical situation of the French index. Looking at the M15 interval, one can see a potential head and shoulders pattern building up. A strong bearish signal will surface on the chart one pulls back below the neckline at 4,700 pts. On the other hand, a break above the 4745 pts will invalidate a bearish scenario and price makes look towards fresh highs.

FRA40 M15 interval. Source: xStation5

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