EURUSD awaiting breakout
EURUSD has been moving sideways for a whole month now.
Yesterday we saw another pullback from the support during the CPI news.
Now it is important to see a breakout to confirm the direction.
While we are in the sideways movement we are more likely to head back to the 1.1090 resistance.
We will receive confirmation when closing above the candle from yesterday's news.
On a breakout and test of 1.0940, we will look at selling opportunities.
Yesterday we saw another pullback from the support during the CPI news.
Now it is important to see a breakout to confirm the direction.
While we are in the sideways movement we are more likely to head back to the 1.1090 resistance.
We will receive confirmation when closing above the candle from yesterday's news.
On a breakout and test of 1.0940, we will look at selling opportunities.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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