EUR/USD Breakout Above The Resistance Level

The EUR/USD is bullish and a breakout higher is expected. We see a flat top ascending triangle and a potential breakout is expected higher.

1.2257 is the resistance level. We should see the breakout and the price will go higher. However, if the price drops to POC we might see fresh buyers. Positional trades come around 1.2200-10 while breakout trades happen above 1.2260. Targets are 1.2274, 1.2289, and 1.2332.

Break below 1.2196 should target lower levels 1.2170 and 1.2150.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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