EURUSD has broken through resistance

Past performance is not an indicator of future results.
EURUSD has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 1.1877 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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