EUR/USD has broken through a support line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 1.1191 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
AUDUSD hits 0.646085 after a 5.34% move spanning 28 days
AUDUSD experienced an extremely large move that lasted 28. This movement is in the 96.0 percentile and is…
After testing 161.7060 numerous times, EURJPY is once again approaching this price point. Can we expect a bearish trend to follow?
A strong support level has been identified at 161.7060 on the 4 hour EURJPY chart. EURJPY is likely…
A possible move on AUDNZD as it heads towards resistance
An emerging Rising Wedge has been detected on AUDNZD on the 4 hour chart. There is a possible…