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ForexTrendline
May 11, 2023 5:03 AM

EURUSD awaiting breakout 

EURO / U.S. DOLLARICE

Description

EURUSD has been moving sideways for a whole month now.

Yesterday we saw another pullback from the support during the CPI news.

Now it is important to see a breakout to confirm the direction.

While we are in the sideways movement we are more likely to head back to the 1.1090 resistance.

We will receive confirmation when closing above the candle from yesterday's news.

On a breakout and test of 1.0940, we will look at selling opportunities.
Comments
FirstNameHelen
Definitely a great chart my friend
KlejdiCuni
Agree with the entry point. Price can push more. Keep up the good work
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