EUR/USD is moving towards a line of 1.1201 which it has tested numerous times in the past. We have seen it retrace from this positions 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 can expect it to reach 1.1201 within the next 10 hours.
Important price line being approached by EUR/USD. This price has been tested numerous times before.
