EURUSD – Channel breakout on way

FX Signals on EURUSD has been on a downtrend for the last few months but with momentum running low, it may be preparing for a correction.

The Surge in EUR/USD is Over Now

A move through here would draw attention to 1.19 – the 38.2% retracement of the move from the May highs to August lows – which coincides with the late July/early August highs.

EURUSD – Channel breakout on way

Dollar gains as strong run

Above here, the 50 and 61.8 fib levels roughly coincide with the 200/233-day SMA band around 1.20. This would be a big test for the pair, with a move above suggesting more than a retracement may be on the cards.

Given what is happening on the daily chart , any pullback from this level could be temporary. A move above the SMA band on the 4-hour chart could see a strong run at the top of the descending channel .

EURJPY Price Experiences a Bullish Breakout

EURUSD – Channel breakout on way

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The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.Forex Signals Telegram SignalsWith our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.

EURUSD – Channel breakout on way

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