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After testing 1.0738 numerous times, EUR/USD has finally broken through. Can we expect a bearish trend to follow?

EUR/USD has broken through a line of 1.0738. If this breakout holds true, we could see the price of EUR/USD heading towards 1.0716 within the next 21 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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Important price line being approached by US30. This price has been tested numerous times before.

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We expect GF to trend upwards for the next 12 hours.

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