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

2022-07-25T12:17:31

Relevance until2022-07-26

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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