chuygbg
Long

EURUSD near a breakout period

FX:EURUSD   Euro / US-Dollar
looking on a previous trend we can see that EU has recently touched the trendline for the 4th time, however, given previous supports in the 1 hour an aggressive entry could be a good idea in order to get filled. Given the MACD overextended on the previous up move, we should expect the price to retrace before going back up, though a move up could also create an entry signal by breaking the downtrend and possibly send price into consolidation for some time given the near overbought conditions.
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