EUR/USD has broken through a resistance line. It has touched this line at least twice in the last 19 days. This breakout may indicate a potential move to 1.0803 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
After experiencing a 1.13% bullish move in the space of 3 days, nobody knows where CHFJPY is headed.
A movement of 1.13% over 3 days on CHFJPY doesn’t go unnoticed. You may start considering where it’s…
AUDNZD formed a Rising Wedge on the 4 hour chart. Retest of resistance in sight.
AUDNZD is moving towards a resistance line. Because we have seen it retrace from this line before, we…
A Channel Down has formed, EURUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
A Channel Down pattern was identified on EURUSD at 1.15002, creating an expectation that it may move to…