Big movement expected on EUR/USD after a breach of 1.2173

EUR/USD has broken through a line of 1.2173 and suggests a possible movement to 1.2229 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.