EUR/USD is moving towards a line of 1.1080 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EUR/USD continues in its current trajectory, we may see it move towards 1.1080 within the next 16 hours.
If EUR/USD touches 1.1080 it may be time to take action.
