fxsignals4pips
Long

EURUSD attempting to enter previous resistance zone

FX:EURUSD   Euro / U.S. Dollar
Trend-line tests once again as price soars into early afternoon. We near the approach of a this resistance zone that also serves as the base for an inverted or upwards triangle. Regardless of the technical terms, price is once again consolidating with a good probability of breakout out above. Why is the favor in this pair breaking out above? This is simply due to measuring the move away from the resistance zone . The move away simply isn’t as strong as it used to be signaling a continuation of this current uptrend.
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