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29.07.202213:47 Forex Analysis & Reviews: EUR/USD analysis for July 28, 2022 - Watch for the breakout of the sideways base

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Technical analysis:

Exchange Rates 29.07.2022 analysis

EUR/USD has been trading sideways in last 7 days and there is potential for the breakout mode.

Trading recommendation:

Due to the sideways mode, I see potential for the breakout mode.

In case of the upside breakout of the resistance at the price of 1.0280, watch for buying opportunities on the intraday dips with the upside objective at 1.0355

In case of the downside breakout of the support at 1.0096, watch for selling opportunities with the downside objective at 0.9960.

Petar Jacimovic
Analytical expert of InstaForex
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