Wolf

FRA40 - Going to a support line for an important decision.

FX:FRA40   CAC 40 Index
3
There is no other support next to the horizontal support lines crossed with a symmetrical trend line since October 16 and a Fibonacci retracement of 38.2% .

So, it's either breaking this support and we continue having a bearish price (unless we have an underground new bullish trend) OR we continue the uptrend to test again the red line.
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.