Cabana Capitals Blog Technical Analysis Will EURUSD have enough momentum to break support?

Will EURUSD have enough momentum to break support?

Will EURUSD have enough momentum to break support? post thumbnail image

EURUSD is heading towards the support line of a Channel Down. If this movement continues, the price of EURUSD could test 1.0777 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 1.0777 Entry: 1.0846 Stop: 1.0882

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