EUR/USD Breaks Above Falling Trendline Toward 1.29, 50% Retracement

Broken trendline: Following yesterday’s (11/21) attack of resistance around 1.2830, the EUR/USD broke higher during the 11/22 Asian-European session, most importantly breaking above a falling trendline and 38.2% retracement. The RSI in the 4H chart also pushed above 60, reflecting loss of bearish…

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EUR/USD Breaks Above Falling Trendline Toward 1.29, 50% Retracement