EUR/USD is flirting with the 1.30 line and currently fails to make the breakout that many people are waiting for resistance is very strong. In the narrowing uptrend channel, it will soon have to make a decision.
EUR/USD already crossed the psychological level of 1.30 on July 16th, peaking at 1.3007. 4 days later, it also crossed this line, reaching a higher peak 1.3027. It also traded above the line yesterday and today, with the recent peak being 1.3046. But it doesnt really make the strong breakout that many people are expecting.
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EUR/USD already crossed the psychological level of 1.30 on July 16th, peaking at 1.3007. 4 days later, it also crossed this line, reaching a higher peak 1.3027. It also traded above the line yesterday and today, with the recent peak being 1.3046. But it doesnt really make the strong breakout that many people are expecting.
Read the rest of the article about EUR/USD resistance.
Euro/Dollar enjoyed 3 key American indicators that disappointed and made a break upwards. It now struggles with an important resistance line. Here are the reasons for this break out and the lines ahead.
EUR/USD now trades at 1.2875 after rising from the area of 1.2740. These three indicator sent the dollar down:
Read the rest of the article about the Euro breakout.
Spot Crude Oil Breakout Trade
EUR/USD now trades at 1.2875 after rising from the area of 1.2740. These three indicator sent the dollar down:
Read the rest of the article about the Euro breakout.
Until recently, momentum behind the effort to turn US crude’s bullish range reversal into a clear trend has been relatively reserved. That is until today when the active futures contract cleared a notable range resistance around $76 and $75.50 and proceeded to overtake the 200-day moving average.
Forex Strategy Outlook: Major US Dollar Volatility Makes Breakout Strategies Most Attractive
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