EUR/USD Breakout Towards 1.1950 On A Continuation Above 1.1890

The EUR/USD has retracted during the night after hitting the 1.1930 zone. We should see a further move up.

1.1890 zone is a breakout-retest area. If the impulse is positive along with enough momentum to the upside, we should see 1.1.1930 and 1.1950. We can also notice that the retracement trend line has been broken and the supportive trend line should hold for bulls. However, bulls should not allow the price to drop below 1.1850 for this scenario to be valid.


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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.