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Short

FRA40 approaching resistance, potential drop!

FX:FRA40   CAC 40 Index
FRA40 is approaching our first resistance at 4920 (horizontal overlap resistance, 161.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4740 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance and we might see a corresponding drop in price.
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