Currency analyst

EUR/USD is preparing for a break

EUR/USD is consolidating on the daily chart. MACD is close to the zero line, EMA9 crossed EMA26, ADX<25. For now the bears are leading (–DMA>+DMI), so be ready to sellon the break of the trade channel. 

On H1 EUR/USD the pair has spent most of July in the 1.1019/1.1123 range. Consolidation is confirmed by ADX (<25). Break of the uppoer border will be a reason to buy, successful test of the lower border will provide ground for selling.  

Recommendation: BUY 1,1123 SL 1,1053 TP1 1,1223 TP2 1,1273; SELL 1,1019, SL 1,1089 TP1 1,0919 TP2 1,0869.

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