scaige96

EUR/USD breakout from consolidation box?

FX:EURUSD   Euro / U.S. Dollar
EUR/USD has been a very consolidated market in previous weeks. With price trading between the upper and lower ranges of 1.1470 and 1.1270 respectively .

Even though there has been many attempts to break below or above the consolidation box all of them have failed.

Current price action has broken the long term trendline and unlike previous tests there is enough follow through buying to suggest a potentially successful breakout above the consolidation box.

If this proves to be an actual breakout we should expect a pullback to test the breakout gap before further upward move
Jan 08
Trade closed: target reached: Pullback test complete

We should expect upward movement
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