EUR/USD has broken through a support line. It has touched this line at least twice in the last 7 days. This breakout may indicate a potential move to 0.9874 within the next 2 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
A possible move on USDCHF as it heads towards support
USDCHF is heading towards the support line of a Channel Down. If this movement continues, the price of…
Could a large bearish move on GBPUSD be a sign of things to come?
GBPUSD hits 1.26194 after a 3.25% move spanning 14 days.
Important price line being approached by AUDJPY. This price has been tested numerous times before.
AUDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the…