Forex Signals- EUR/USD Awaits News Providing Technical Direction

Eur/US despite the last 6 sessions of consolidation, the EUR/USD remains in a short term uptrend. As displayed in the graph below, the pair remains trading well over both its 10 day EMA at 1.0854 and 200 day MVA at 1.0772. If prices continue to go higher, traders should watch for the EUR/USD to remain supported above 1.0854 and attempt to breakout above last week’s high of 1.0951. Alternatively if the EUR/USD breaks out lower below 1.0854, traders should look for the pair to test last Monday’s low of 1.0820. Happy Forex Signal