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EUR/USD: Facing Resistance - Breakout or Rebound?
EURUSD
, 240
EURUSD: EUR/USD: Facing Resistance - Breakout or Rebound?

The EUR/USD 4-hour chart shows that the price is trading just below the 34 and 89 EMAs, which is creating a clear resistance around the 1.05800 area. The Euro has been trying to break above this area, but has failed in recent sessions, indicating indecision in the market. The price is currently showing a cautious approach, and a break above the 89 EMA would need...

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