Waiting for EURUSD to break trend line.

Updated

I'm waiting to see if price breaks this bearish trend. If it does, we could see some massive moves. If it doesn't break and respects the trend, price may continue heading for a 3 year low.

Note

Price action did in fact break above the trendline to form a bullish flag. I entered at the top of that flag and rode it all the way down to where it closed on Friday, March 22, 2019.

I'm expecting price to retest the trend below the line and eventually end up around the 1.11780 area.

rjornd

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