EUR/USD Resistance Price Breakout

The EUR/USD has a resistance price breakout point at the 1.1425 area or just above there. All forex traders can set an audible price alert there. The EUR/USD is currently in a cluster or zone of support and resistance.  The audible price alert would keep traders notified of a potential price breakout. When the price alert hits you can check The Forex Heatmap® for a confirmation buy signal. Look for consistent EUR strength, or USD weakness, or both on the heatmap when entering the buy trade.

The EUR/USD has substantial upside potential and a new trend should form on the larger time frames above the breakout point, and also possibly on the MN time frame. The W1 time frame is pictured below. We use forex support and resistance levels combined with simple exponential moving average trend indicators to plan all of our trades across 28 pairs.

EUR/USD Resistance Price Breakout

EUR/USD Resistance Price Breakout

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