Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on EURUSD?

Should we expect a breakout or a rebound on EURUSD?

Should we expect a breakout or a rebound on EURUSD? post thumbnail image

EURUSD is approaching a resistance line at 1.1099. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

Supported by Upward sloping Moving Average

Target: 1.1099 Entry: 1.1034 Stop: 1.0986

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