Aurum Markets Blog Technical Analysis Big movement possible on EURUSD

Big movement possible on EURUSD

Big movement possible on EURUSD post thumbnail image

EURUSD is once again retesting a key horizontal resistance level at 1.1548. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 1.1578 Entry: 1.1556 Stop: 1.1534

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