EUR/USD is moving towards a line of 1.0604 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 1.0604 within the next 20 hours.
Related Posts
An unexpected large move has occurred on USDCHF 1 hour chart! Is this a sign of something new? What can we expect?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
CHFJPY – approaching a price line that has been previously tested numerous times in the past
CHFJPY is moving towards a key resistance level at 176.6890. CHFJPY has previously tested this level 3 times…
EURCAD – approaching a support line that has been previously tested at least twice in the past
EURCAD is moving towards a support line which it has tested numerous times in the past. We have…