France 40 (FR40EUR) Fluctuates Between 4800 and 5200, Stuck in the Middle Structure

Key Resistance Zones: 5900, 6000, 6100
Key Support Zones: 5400, 5300, 5200

France 40 (FR40EUR) Long-term Trend: Ranging
FR40EUR index is in a range bound move. France 40 is currently fluctuating between levels 4800 and 5200. The price is now rising to the resistance level at level 5200. The uptrend will continue if price breaks above the resistance line. The price currently rises to the upper price range.

Daily Chart Indicators Reading:
The index is currently at level 57 of the Relative Strength Index period 14. It is in an uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping sideways indicating a sideways trend.

France 40 (FR40EUR) Medium-term Trend: Ranging
On the 4- hour chart, France 40 is in an upward move to the upper price range. The price is rising and approaching the high of level 5050. The price is fluctuating in the middle of the price range
4-hour Chart Indicators Reading
France 40 is currently above 80% range of the daily stochastic. The index is in a bullish momentum and it is in the overbought region of the market. The moving averages are still sloping sideways indicating the sideways market.

General Outlook for France 40 (FR40EUR)
The index is in a sideways move but it is rising and approaching the high of 5200. The index is also trading marginally. The index has been range-bound since June. The index will consolidation until the key levels are broken.


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