EUR/USD is consolidating sideways
The above is a daily chart of the EURUSD. We note that the pair is consolidating in a symmetrical triangle pattern. The RSI(9) is also oscillating around the 50 level (blue rectangle) which is typical of a consolidation period. We are now awaiting a directional break from the pattern. If the RSI (9) moves in the direction of the breakout (developing space between itself and the 50 level) this will give support to the directional break.
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