EUR/USD has broken through a line of 1.1020 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.1005 can be expected within the next 8 hours.
Related Posts
CHFJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
The movement of CHFJPY towards the support line of a Channel Down is yet another test of the…
GBPCHF hits 1.10117 after a 3.21% move spanning 18 days
GBPCHF has moved higher by 3.21% from 1.066925 to 1.10117 in the last 18 days.
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…