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EUR/USD seems to be on its way to support – a possible opportunity?

EUR/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.

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Important price line being approached by FRA40. This price has been tested numerous times before.

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GBP/USD is approaching 1.2658. We expect either a breakout through this line, or a rebound.

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