EUR/USD dropped sharply for 13 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in EUR/USD there is a chance that we will witness a correction, no matter how brief.
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…