EUR/USD: Euro struggling in Range Area - Waiting for Breakout for FX:EURUSD by FOREXN1

trendanalysis indicator chartpattern eurusd eur euro eurusdshort usd

The EUR/USD in the last sessions struggled inside a Range area as evidenced in the chart. The 200 Moving average with the cooperation of the dynamic resistance work in synergy like a Wall for the price to not go over. Historically in August, the Volume of trades is lower compared with the other months, so We think about the price can remain inside this rectangular area for a while before continuing to follow the Bearish main trend. What do you think about it?

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