Cross of both the daily MACD and slow stochastic shows EURUSD could break the trend line. Short term, I think we see the trend line tested, back up by this article, which suggests there is a lot of resistance at the 1.1400 level - assettrading.co.uk
It's currently retraced between its 38.2 + 50% fib level, also sitting on an area of support (yellow line). There is also a trend line it's also sitting on. Daily bar close yesterday showed some rejection, close to a low test. RSI also shows its been over sold. Stop below previous significant lows and target firstly up to the 161 at around 280 but potentially in...
