Chart Art: EUR/USD Long-Term Trend Line Break and Retest

EUR/USD recently fell through an ascending trend line on its daily time frame, but its potential reversal is still waiting to gain traction.

EUR/USD recently fell through an ascending trend line on its daily time frame, but its potential reversal is still waiting to gain traction.
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The USD/JPY pair trades on a flat note near 158.20 during the early Asian session on Wednesday. The pair steadies as US President Donald Trump’s renewed tariff threats offset political uncertainty in Japan. Traders will closely monitor Trump’s speech at the World Economic Forum in Davos, Switzerland, later on Wednesday. Trump said over the weekend that…
Federal Reserve left its policy rate unchanged at 3.50–3.75%, in line with expectations, but the decision revealed a widening divide within the Committee. Governor Stephen Miran again dissented in favor of a 25bps cut, while Beth Hammack, Neel Kashkari, and Lorie Logan opposed the inclusion of an easing bias in the statement, signaling resistance to…
Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter. The best test of whether a trend line is a valid one is usually whether it looks like a good line. In an…
As shown on the XAU/USD chart, the price of gold per ounce has already fallen by more than 1% today. This bearish sentiment may be driven by: → A strengthening US dollar, influenced by President Trump’s plans to impose international trade tariffs. → Market positioning ahead of key US economic data releases, including GDP growth…
EUR/USD’s rise from 1.1408 extended higher to 1.1848 last week, but failed to take out 61.8% retracement of 1.2081 to 1.1408 at 1.1824 decisively. Initial bias is turned neutral this week first. On the upside, sustained trading above 1.1824 will pave the way to retest 1.2081 high. However, firm break of 1.1662 support will bring…