EURUSD is consolidating but a breakout looks likely

EURUSD is consolidating between 1.1700 and 1.1950 for almost a month now. Overall, EURUSD is still in bullish territory. A breakout in either direction could happen very soon.

Aggressive traders can try to sell EURUSD at the previous top near 1.1965 provided there are signs of rejection at the resistance level.

However, if the 1.1965 level breaks strongly then EURUSD will probably reach 1.22 level very soon.