EUR/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 5 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.
ARTÍCULOS RELACIONADOS
If you’re short GBPCHF you should be aware that 1.1024 has just been breached – a level tested 5 time in the past
A strong resistance level has been breached at 1.1024 on the 15 Minutes GBPCHF chart. Technical Analysis theory…
EURCHF formed a Triangle on the 4 hour chart. Retest of resistance in sight.
EURCHF is heading towards the resistance line of a Triangle. If this movement continues, the price of EURCHF…
USDCAD moves higher to 1.39202 in the last 18 hours.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…