FX.co ★ EUR/USD analysis for July 28, 2022 - Watch for the breakout of the sideways base

Technical analysis:

EUR/USD has been trading sideways in last 7 days and there is potential for the breakout mode.

Trading recommendation:

Due to the sideways mode, I see potential for the breakout mode.

In case of the upside breakout of the resistance at the price of 1.0280, watch for buying opportunities on the intraday dips with the upside objective at 1.0355

In case of the downside breakout of the support at 1.0096, watch for selling opportunities with the downside objective at 0.9960.