EUR/USD is quickly approaching 1.1109. We expect either a breakout through this line, or a rebound.

EUR/USD is heading towards a line of 1.1109. If this movement continues, we expect the price of EUR/USD to test 1.1109 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.