After a rally in April and early May the EURUSD has been stuck in a narrowing range. The May and July swing lows show there is support just above 1.08, while a descending trendline which began in June indicated resistance near 1.1040 to 1.1050. After testing the likely resistance area on August 10, the price [ ]The post EURUSD Triangle Breakout on Daily Chart appeared first on FXHQ.
The EURUSD is setting up for another long trade after pulling back from a high of 1.1714. That high exceeded the profit target of 1.1650 from the last major swing trade in this pair. Figure 1 is a daily EURUSD chart, showcasing the August rally which broke through all resistance levels going back to the start [ ] The post Long Trade Setup in EURUSD But Careful of News appeared first on FxHQ.