The breakout of EUR/USD through the 1.0494 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EUR/USD could test 1.0459 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 1.0494 numerous times, EUR/USD has finally broken through. Can we expect a bearish trend to follow?
