Euro / U.S. Dollar
Long
Updated

EURUSD: Breakout Coming or Just More Chop?

124
Hi everyone! What’s your take on EURUSD right now?

From what I’m observing, the USD is showing signs of recovery, making it difficult for this pair to gain bullish momentum. As a result, EURUSD continues to move sideways within the marked price range.

However, from a technical perspective, the upward price channel remains intact, supported by EMA 34 and 89, which reinforces the potential for a longer-term uptrend.

Personally, I expect a breakout from the current consolidation and a continuation of the upward move.
What about you? Do you see a breakout ahead—or more range-bound action?
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