EURUSD flied +200 pips after retesting Triangle breakout level

EURUSD Re-testing Symmetrical Triangle breakout level

EURUSD broken the long waiting symmetrical Triangle recently on previous week.

EURUSD Symmetrical triangle breakout

After breakout, EURUSD went up +600 points and then retested the breakout level of Symmetrical Triangle.

While market standing at the Re-testing area, We have updated on the site about EURUSD retesting the triangle breakout. check here

After retest complete, EURUSD went up more with the sharp movements as per our breakout strategy.

EURUSD Symmetrical triangle breakout and retesting occurs 1
EURUSD Symmetrical triangle breakout and retesting occurs 
  • 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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