EUR/USD is heading towards the resistance line of a Triangle and could reach this point within the next 6 days. 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 levels.
Related Posts
Breach of 1.0680 could mean a start of a bullish trend on EUR/USD
EUR/USD has broken through a line of 1.0680 and suggests a possible movement to 1.0724 within the next…
After experiencing a 2.58% bearish move in the space of 15 days, nobody knows where GBP/USD is headed.
GBP/USD has moved lower by 2.58% from 1.26771 to 1.23498 in the last 15 days.
Extreme movement experienced on USD/JPY. Check this chart to see what to do next
USD/JPY rose sharply for 45 days – which is an excessively big movement for this instrument; exceeding the…