Possible start of a bullish trend as EURUSD breaks resistance

EURUSD is once again retesting a key horizontal resistance level at 1.0851. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 1.09 Entry: 1.0859 Stop: 1.0841