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EURUSD trying to breakout again
Euro / U.S. Dollar
EURUSD trying to breakout again
By ForexTrendline
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May 12, 2022
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May 12, 2022
EURUSD keeps trading inside of a range and it reminds us of December, 2021 when we saw price trading sideways in a 100 pips move.
After yesterday's moves, now we expect a breakout. It's still more likely to see a downside continuation but this is not the main pair that we trade.
The important level right now is 1,0577 but we should also keep our stops above 1,0640.
A breakout of 1,0480 would confirm the idea of a downside continuation.
breakout
candlestickpattern
EUR
FLAG
FLAT
priceaction
range
signals
Supply and Demand
Support and Resistance
Trend Analysis
USD
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