EUR/USD: Classic Breakout Trade - Don't Miss the Move!

[cryptohog]

The EURUSD pair experienced a decisive breakout and closed below a significant daily/intraday horizontal support cluster on Friday.

Following this breakout, the pair started to consolidate on an hourly timeframe, on the previously breached structure.
The bearish violation of this consolidation serves as a strong bearish confirmation.

Conversely, the price is projected to continue its downward trajectory, with a likely target of at least 1.1500.

[Rimon Khan]

Clear breakout zone — EUR bulls finally getting their moment.

[Abdul Khan]

Momentum building above resistance; patience could pay off big here.