EUR/USD is heading towards the support line of a Channel Down and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, 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
EUR/USD has broken through resistance of a Triangle. It has touched this line at least twice in the last 4 days.
The last 4 1 hour candles on EUR/USD formed a Triangle pattern and broken out through the pattern…
If you’re long NZD/USD you should be aware of the rapidly approaching level of 0.5956
NZD/USD is en route to a very important line that will be a definite deciding factor of what…
We expect a 91 pip movement on NZDUSD for the next 48 hours.
We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Germany Inflation Rate…