EUR/USD: Positioning for a Potential Breakout from the Sideways Channel

Noor Al-Dosari here, sharing my latest perspective on the EUR/USD pair, a staple in my portfolio. Currently, we see the pair trading around 1.08742, reflecting a modest 0.22% gain over the last 24 hours, within a day range of 1.08379 to 1.09105. The overarching trend for some time now has been sideways, a condition that often precedes a significant move. My analysis suggests we might be setting up for a bullish push.