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FX.co ★ EUR/USD analysis for July 25, 2022 - Symmetrical triangle in creation, breakout mode in play

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Forex Analysis:::2022-07-25T12:17:31

EUR/USD analysis for July 25, 2022 - Symmetrical triangle in creation, breakout mode in play

Technical analysis:

EUR/USD analysis for July 25, 2022 - Symmetrical triangle in creation, breakout mode in play

EUR/USD has been trading sideways in consolidation at the price of 1.0236. There is the potential for the breakout regime.

Trading recommendation:

Due to the sideways regime I see potential for the breakout.

In case of the upside breakout of triangle at 1.0270, watch for buying opportunities on the intraday dips with the upside objective at 1.0360

In case of the downside breakout of the rising support 1.0175, watch for selling opportunities with objective at 1.0000

Analyst InstaForex
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