EUR/USD is quickly approaching 1.1017. We expect either a breakout through this line, or a rebound.

EUR/USD is heading towards a line of 1.1017. If this movement continues, we expect the price of EUR/USD to test 1.1017 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.