You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.3641 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
A possible move on GBPUSD as it heads towards resistance
GBPUSD is heading towards the resistance line of a Channel Up and could reach this point within the…
AUDCAD – approaching a price line that has been previously tested numerous times in the past
AUDCAD is heading towards 0.8914 and could reach this point within the next 2 days. It has tested…
Interesting opportunity on EURCAD after breaking 1.56095
Triangle pattern identified on EURCAD has broken through a support level with the price momentum continuing to move…