EUR/USD has broken through a resistance line of a Triangle and suggests a possible movement to 1.0757 within the next 5 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 28 days.
Related Posts
Important price line being approached by NZD/USD. This price has been tested numerous times before.
NZD/USD is about to retest a key horizontal resistance level near 0.5993. It has tested this level 3…
AUD/USD – breach of price line that’s been previously tested numerous times before
AUD/USD has broken through a resistance line. Because we have seen it retrace from this price in the…
Big movement possible on USD/JPY after a breach of 154.4560
The price of USD/JPY in heading in the direction of 152.0906. Despite the recent breakout through 154.4560 it…