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EUR/USD


Guest FXTECHNICAL

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Interesting @FXTECHNICAL I hadn't noticed that Daily line and price is not coming up to touch it.  However if I look at GBP and AUD they have both broken similar type lines.  We may see EUR retrace from this one for a while but eventually push on through.  I'd be waiting for a pull back and turn to trade again rather than a break through of this line as it could be spurious.

EURUSD-Daily_011118.thumb.png.4bc2ef40f6233fecd66f095c6275201b.png

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Funny, as I was posting the market went ahead and broke through (unconfirmed with a closed candle but still interesting.  If the market goes on to top out this current move above the Daily Triangle line (blue) any subsequent retrace could be stopped with a retest of said line, especially it it also coincides with a suitable Fib level, probably 38% at this point but let's see how price action progresses through to NFP tomorrow...

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