As you can see from the chart, although EURUSD breakouts from the bearish trend, it does not mean it will automatically goes up north. It went up, tumbled down at least half a dozen times, playing a joke on bulls and bears at the same time.
If this attempt is genuine, it should heads up to the target set. Otherwise, there is still a possibility of it tumbling another leg down before rebounding.
If this attempt is genuine, it should heads up to the target set. Otherwise, there is still a possibility of it tumbling another leg down before rebounding.