Annual Forecast for France 40 (FR40EUR) (2021): FR40EUR Is Expected To Decline in the First Quarter


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

In the first quarter of 2020, France 40 crashed, reaching a low of level 3700. The index crashed and then pulled back. In the second quarter, the bulls buy the dips as the market resumed its upward move. In December, the index has recovered as it trades above level 5500. Also, it is approaching the overhead resistance at level 6000. Nonetheless, the overhead resistance at level 6000 has not been broken since 2017.

FR40EUR – Monthly Chart

France 40 (FR40EUR) Price Predictions: Monthly Chart
In the first three months, the index has a breakdown before the resumption of another uptrend. France 40 is struggling and has broken above level 5500 resistance. The further upward movement is expected.

FR40EUR – Weekly Chart

France 40 (FR40EUR) Price Predictions: Weekly Chart
The index has been trading below level 6000. Each time the overhead resistance is retested the market will fall. Since 2017 the overhead resistance has not broken. The market has continued to fluctuate below the 6000 price level.

According to reports, the French government has cut its 2021 growth outlook after the COVID-19 resurgence. The government has imposed a second locked down. The current uptrend may reach overhead resistance by the end of 2020. In 2021, the index may fall in the first quarter of the year.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.