FX.co ★ EUR/USD: imminent breakout and new direction

EUR/USD At Crossroads!

The EUR/USD pair is moving somehow sideways in the short term. It's trapped between the downtrend and the uptrend lines. A breakout through one of these lines could bring new trading opportunities and could offer us a clear direction.

The pair is trading at 1.1059 at the time of writing and a further trajectory seems undecided. It's trapped also between 1.1126 and 1.1000 levels. In the short term, it could continue to move sideways before registering a valid breakout.

EUR/USD Trading Conclusion!

Dropping and stabilizing below the 1.1000 and below the uptrend line could announce a downside movement.

Jumping and stabilizing above the 1.1126 and above the downtrend line may announce a larger growth.