EUR/USD is heading towards 1.0549 and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A final push possible on EUR/USD as it starts approaching a price line of 1.0549.
