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 0.9111 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
USD/CAD is approaching 1.3595. We expect either a breakout through this line, or a rebound.
USD/CAD is moving towards a line of 1.3595 which it has tested numerous times in the past. We…
After trying numerous times in the past, USD/JPY finally breaks 143.1110!
USD/JPY has broken through a support line. Because we have seen it retrace from this price in the…
AUD/USD is quickly approaching a very important level it has previously tested numerous times in the past
The price of AUD/USD in heading back to the resistance area. It is possible that it will struggle…