Aurum Markets Blog Technical Analysis EURUSD breakout through resistance

EURUSD breakout through resistance

EURUSD breakout through resistance post thumbnail image

EURUSD is once again retesting a key horizontal resistance level at 1.1535. It has tested this level 4 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: 1.1573 Entry: 1.1547 Stop: 1.1504

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post