
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of EURUSD to test 1.2161 within the next 16 hours. 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 just like it did in the past.
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