EURUSD Analysis: Sideways Move Continues, Key Levels to Watch
The EURUSD pair failed to break below the 1.0789 support level and has been moving sideways within a trading range between 1.0789 and 1.0887. This suggests that the pair is still in the uptrend from 1.0694, and the sideways move is likely a consolidation phase for the uptrend.
As long as the 1.0789 support level holds, the upside move could be expected to resume. A breakthrough of the 1.0887 resistance level could trigger further upside movement towards the 1.0950 area.
On the downside, a breakdown below 1.0789 would confirm that the upside move from 1.0694 has already completed at 1.0887. In this case, the next target would be at 1.0750, followed by 1.0694.