Aurum Markets Blog Technical Analysis Possible breach of resistance level by EURUSD

Possible breach of resistance level by EURUSD

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An emerging Ascending Triangle has been detected on EURUSD on the 30 Minutes chart. There is a possible move towards 1.0529 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 1.0529 Entry: 1.0485 Stop: 1.0459

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