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
EURUSD moves higher to 1.1609 in the last 6 days.
Due to the rate of consecutive bullish candles on EURUSD Daily chart we could be in for a…
EURAUD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of EURAUD towards the resistance line of a Channel Up is yet another test of the…
A final push possible on AUDUSD as it starts approaching a price line of 0.6538.
AUDUSD is moving towards a key resistance level at 0.6538. AUDUSD has previously tested this level 3 times…