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
AUDUSD likely to test 0.6584 in the near future. Where to next?
AUDUSD is en route to a very important line that will be a definite deciding factor of what…
AUDJPY experienced a 1.31% bullish move in just 3 days. The magnitude speaks for itself.
AUDJPY reached 98.6335 after a 1.31% move spanning 3 days.
There is a possibility of a big movement on USDCHF after a breach of the support
USDCHF has broken through a support line. It has touched this line at least twice in the last…