EUR/USD is moving towards a line of 1.0586 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EUR/USD continues in its current trajectory, we may see it move towards 1.0586 within the next 8 hours.
Important price line being approached by EUR/USD. This price has been tested numerous times before.
