You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.1014 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
If you’re short USDCHF you should be aware of the rapidly approaching level of 0.8081
USDCHF is heading towards 0.8081 and could reach this point within the next 3 days. It has tested…
USDCAD breakout from a Channel Down trade setup. Will it continue this trend to hit the target price?
USDCAD has broken through the resistance line which it has tested twice in the past. We have seen…
AUDCAD keeps moving closer towards 0.8971. Will it finally breach this level?
AUDCAD is moving towards a line of 0.8971 which it has tested numerous times in the past. We…