FX.co ★ EUR/USD analysis for August 09, 2023 - Potential for the breakout mode in the play

Technical analysis:

EUR/USD has been trading sideways at the price of 1.0980 and I see potential for the breakout mode in the next period.

In case of the breakout of resistance level at 1.1045 and hold above the pivot, I see potential for the further growth towards upside reference at 1.1135

In case of the downside breakout of the support at the price of 1.0915 and hold below, I see potential for the further drop towards the lower reference at 1.0845