EUR/USD has broken through a resistance line. It has touched this line at least twice in the last 23 hours. This breakout may indicate a potential move to 1.0805 within the next 5 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
After testing 0.8276 numerous times, USDCHF is once again approaching this price point. Can we expect a bullish trend to follow?
The movement of USDCHF towards 0.8276 price line is yet another test of the line it reached numerous…
AUDJPY – approaching a resistance line that has been previously tested at least twice in the past
AUDJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
After testing support twice in the past, EURCHF has finally broken through. Can we expect a bearish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…