lukacosicnz
Long

EUR/USD Watch out for this resistance line

FX:EURUSD   Euro / U.S. Dollar
50 0 1
This resistance line has proven itself by bounces 3 times so far and i expect a large move towards the upside.

We've had a multi-month converging triangle on this pair, and a large breakout just to the left of this idea, now we're seeing a correction on that breakout which should continue in the upward direction.
Comment: The price moved outside the resistance line but quickly made a retreat, so i don't expect a large breakout to occur but possibly a more subtle one.
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