EURUSD Re-testing Symmetrical Triangle breakout level
EURUSD broken the long waiting symmetrical Triangle recently on previous week.
After breakout, EURUSD went up +600 points and then retested the breakout level of Symmetrical Triangle.
After retest complete, EURUSD went up more with the sharp movements as per our breakout strategy.
- US continuing claims dropped first time since coronavirus issue, the numbers of claims come better than expected would support US DOLLAR, other safe haven commodities and EURO.
- Unemployment applications dropped to 21 Million worst figures after coronavirus issue, FED committed to support whatever stimulus required.
- US Dollar gets weak by durable goods order data plunged to 17.2 better than expected 19% by analysts, orders decreased to 16.2%.
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