FX:EURUSD Price action appears to want to break out of the upper trading range set back in May 2015, but it's inability to push through above 1.1463 is a concern here. The rising trend continuation seems awfully similar to the technicals set in late October of 2015, wanting to breakout only to reverse harshly lower. Same set-up here ? Furthermore, the other ; like USDJPY , USDCAD , USDCHF , were not positioned at lower ends as they are today, a slight reversal of these can come at any time & poof goes down the EURUSD . Also, the recent rise in XAUUSD had pushed the EURUSD along the rising , but a reversal or waning of XAUUSD could put downward pressure on the EURUSD . A possible repeat of October's price action is possible here.