This trade steup on EUR/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 1.0799.
EUR/USD broke through a resistance at 2023-12-07T09:30:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 1.0799.
