
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
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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EURUSD – Channel breakout on way
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