Break out trend line and failed breaking resistance
The USD failed in breaking the horizontal resistance as highlighted in yellow, then it broke the trend line with high momentum candles.
This indicates testing of the old support line at 1.3045 with 95 pips expected profits versus only 55 pips above the high of the failed break out.
This indicates testing of the old support line at 1.3045 with 95 pips expected profits versus only 55 pips above the high of the failed break out.