emmanuelbenzoe

EUR/USD Possible breakout or retracement/ further consilodation

FX_IDC:EURUSD   Euro / U.S. Dollar
88 views
3
88 0
The market has respected the daily support zone has tested it as well the testing the trend line on 2 occasions. however there are areas of consolidation and retracement which may be a possibility in this case but on the other hand there is a possible case of resistance break out as illustrated on the chart. Although due to the consolidation/ sideway trend patterns I would not enter into this trade unless the market decides to go up and hit the trend line for the 3rd time and in doing so break resistance. I will keep watch of this pair
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out