The breakout of EUR/USD through the 1.1292 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of EUR/USD to test 1.1303 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 1.1292 numerous times, EUR/USD has finally broken through. Can we expect a bullish trend to follow?
