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FRA40 - Formation of Expanding Wedge on the 4Hr Chart

OANDA:FR40EUR   France 40
Price has formed an expanding wedge formation on the 4hr chart. This Index created a New ATH on 25th July and has since been in a bearish move. We feel the price will complete a retracement to the 38% Fib level before continuing in it current direction towards the 127 Fib Extension. Bias is still Bullish , and once our current target is reached, this Index could reverse and continue in its Push Up.

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