Weekly yellow zone acted as resistance. A confirmed break on hourly, however, does not offer much profit potential on its first target area (red zone) right above 1.31.
Recap of Last Week Early in the week a low was formed to create a powerful IHS with neckline at approx. prior week high (green zone). A breakout of ...
EURUSD having difficulties taking out resistance
Weekly yellow zone acted as resistance. A confirmed break on hourly, however, does not offer much profit potential on its first target area (red zone) right above 1.31.
It is a wait and see situation for the pair.
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