jadeite

Waiting for a breakout on EURUSD to decide on the direction

FX:EURUSD   Euro / U.S. Dollar
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Breakout from the yellow channel can send price up over 1.09 just to meet the pink resistance line. Breakout from the green channel may send price back to 1.082 to form a triple bottom or further south.

Always wait for breakout confirmation and use price support/resistance areas for target.

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