The Last Time EURUSD Was at This Trendline It Rallied Over 1,000 Pips in Less Than a Month

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Key points in this video:

1. EURUSD fell sharply through the bottom trendline of an inner price channel after yesterday's ECB announcement, but it now sits at the bottom of a trendline going back to March. The last time price touched this trendline EURUSD rallied over 1,000 pips in less than a month.

2. USDJPY is close to breaking out of the range it has been in for the past couple weeks. I entered last week at 119.05, and traders who entered at that level also may wish to move to break-even. Personally, I'm keeping my position as is as I have a longer timeframe.

The Last Time EURUSD Was at This Trendline It Rallied Over 1,000 Pips in Less Than a Month