EUR/USD is heading towards a price line of 1.1089 and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
USD/JPY is currently testing a level of 156.5630. Will the breakout continue or will things reverse?
The breakout of USD/JPY through the 156.5630 price line is a breach of an important psychological price that…
AUD/USD breakout from a Channel Up trade setup. Will it continue this trend to hit the target price?
AUD/USD has broken through a support line. It has touched this line at least twice in the last…
There is a possibility of a big movement on EUR/USD after a breach of the support
The breakout of EUR/USD through the support line of a Channel Up could be a sign of the…