EUR/USD has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 1.1109 within the next 17 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
A Channel Up has formed, NZDUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Up pattern in its final wave was identified on the NZDUSD 4 hour chart. After a…
AUDJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have…
USDJPY – breach of price line that’s been previously tested numerous times before
A strong resistance level has been breached at 147.4710 on the 30 Minutes USDJPY chart. Technical Analysis theory…