EUR/USD has broken through a support line of a Triangle and suggests a possible movement to 1.1067 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

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By: Dima Chernovolov EUR/USD continues to rise inside the 4-hour Up Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which reflects the slow Initial Trend (2 bars), significant Uniformity (7 bars) and strong Clarity (8 bars). EUR/USD is expected to rise […]

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EUR/USD is heading towards a price line of 1.1005 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see […]

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