EUR/USD is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, we can expect it to reach 1.1110 within the next 2 days.
Related Posts
Could a large bullish move on USDCAD be a sign of things to come?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 3.24%…
EURAUD has broken through a support line. It has touched this line numerous times in the last 6 days.
EURAUD has broken through a support line. It has touched this line numerous times in the last 6…
USDJPY – breach of a trending support line that has been tested at least twice before.
USDJPY has broken through the support line which it has tested twice in the past. We have seen…