Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on EURUSD

Either a rebound or a breakout imminent on EURUSD

Either a rebound or a breakout imminent on EURUSD post thumbnail image

EURUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 9 hours.

Supported by Downward sloping Moving Average

Target: 1.1315 Entry: 1.1366 Stop: 1.1393

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