EURUSD awaiting a breakout

Wait 5 sec.

EURUSD awaiting a breakoutEuro / US DollarEIGHTCAP:EURUSDForexTrendlineEURUSD moved higher last week following weaker-than-expected U.S. employment data. We're monitoring the range of the candle formed after the news release, as a breakout in either direction is likely to determine the pair's next move. For now, the overall downtrend remains intact. We'll look for new short opportunities on a close below 1,1400 or if price is rejected from the resistance zone.