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EURUSD awaiting breakout
Euro / U.S. Dollar
EURUSD awaiting breakout
By ForexTrendline
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May 11, 2023
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May 11, 2023
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.
breakout
candlestickpattern
correction
CPI
EUR
Pivot Points
priceaction
range
signals
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by ForexTrendline
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