EUR/USD is heading towards 1.0672 and could reach this point within the next 2 days. 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.
Related Posts
A Falling Wedge has formed, CHFJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
CHFJPY is approaching the support line of a Falling Wedge. It has touched this line numerous times in…
Could a large bullish move on USDCHF be a sign of things to come?
USDCHF hits 0.90773 after a 3.31% move spanning 28 days.
Supports and resistances are primary concepts of technical analysis. USDJPY is heading for an important price of 158.0850 – read about what this could mean for the future.
The movement of USDJPY towards 158.0850 price line is yet another test of the line it reached numerous…