Euro / U.S. Dollar
Long
Updated

EURUSD: A Pause Before the Next Wave?

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After a strong breakout at the end of June, EUR/USD surged but has since entered a tight consolidation range. But don’t be discouraged — this could simply be a breather before the next big move!

On the chart, the bullish trend remains intact as price stays above key EMAs. Buyers aren’t backing down, and the market seems to be "catching its breath."

If EUR/USD breaks out of the current sideways zone around 1.1810, we could see another bullish leg aiming for higher levels.
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