EUR/USD Exchange Rate Once you start getting used to the signs of breakouts, you’ll be able to spot good potential trades fairly quickly. Breakouts are significant because they indicate a change in the supply and demand of the currency pair you are trading. This change in sentiment can cause extensive moves that provide excellent opportunities for you to grab some pips. This indicator will show Support & Resistance Levels for the trading strategies with the current level clearly highlighting possible price turning points or breakouts for price action trading. EUR/USD's decline extends to as low as 1.0793 so far and broke 161.8% projection of 1.1172 to 1.0992 from 1.1095 at 1.0804.