emmanuelbenzoe

EUR/USD Possible breakout or retracement/ further consilodation

FX_IDC:EURUSD   Euro / U.S. Dollar
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The market has respected the daily support zone has tested it as well the testing the trend line on 2 occasions. however there are areas of consolidation and retracement which may be a possibility in this case but on the other hand there is a possible case of resistance break out as illustrated on the chart. Although due to the consolidation/ sideway trend patterns I would not enter into this trade unless the market decides to go up and hit the trend line for the 3rd time and in doing so break resistance. I will keep watch of this pair