Cabana Capitals Blog Technical Analysis EURUSD – getting close to psychological price line

EURUSD – getting close to psychological price line

EURUSD – getting close to psychological price line post thumbnail image

EURUSD is heading towards a line of 1.0874. If this movement continues, the price of EURUSD could test 1.0874 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 1.0874 Entry: 1.0821 Stop: 1.0798

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