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 1.3466 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
EURCAD likely to test 1.6205 in the near future. Where to next?
EURCAD is approaching a support line at 1.6205. If it hits the support line, it may break through…
EURJPY is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 8 days.
Emerging Channel Up pattern in its final wave was identified on the EURJPY 1 hour chart. After a…
After testing 0.6651 numerous times, AUDUSD is once again approaching this price point. Can we expect a bearish trend to follow?
AUDUSD is heading towards 0.6651 and could reach this point within the next 19 hours. It has tested…