FX.co ★ EUR/USD analysis for 04.22.2020 - Watch for breakout of the trading range to confirm further direction

Corona virus summary:

CDC chief warns of 'even more difficult' second wave of cases

"even more difficult" for America to deal with

Technical analysis:

EUR/USD has been trading sideways at the price of 1,0885. I found the bracketing market between the price of 1,0813 and 1,0895. The eventual breakout of the trading range would confirm the direction. The EUR is much close now for the breakout of the resistance.

Stochastic oscillator is going upside, which is sign that EUR is in mini up-cycle.