Breakout can strengthen EUR @1.56460If this pair can beat the level of a relatively strong support then I am expecting it to rise further towards the Summer highs.
Especially after the recent news events that been driving the currency for the last week.
Entry : 1.56460 (Breakout)
Target: 1.60500 (Sort Term Support)
Stop: 1.55450 (Summer Highs)
Sydney
EUR/USD WEEKLY ANALYSIS 10/25/2015IF YOU GUYS HAVE BEEN FOLLOWING MY POSTS, YOU WILL HAVE NOTICED THAT PRICE IS REACHING A MAJOR SUPPORT LEVEL ON THE DAILY. THE PSYCHOLOGICAL LEVEL OF 1.0800 HELD A STRONG SUPPORT 3 TIMES IN THE PAST (ONCE IN JUNE, ONCE IN JULY, ONCE IN AUGUST) ON THIS CHART. i HAVE INCLUDED MINOR AREAS WHERE I WOULD BE LOOKING FOR LONG/SHORT ENTRY'S, BUT I WILL ULTIMATELY BE FOCUSING ON THAT MAJOR DEMAND ZONE BELOW. "CONFLUENCE IS KING"