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Forex

EUR/USD Coils Below Resistance, Breakout Setup Builds

Guavy AI Editorial Team
Instruments
EUR USD
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The EUR/USD pair is currently coiled below resistance, building a potential breakout setup.

This technical analysis focuses on the CFD market for EUR/USD, as provided by FOREX.com. The company cautions that trading CFDs comes with a high risk of losing money rapidly due to leverage, and 77% of retail investor accounts lose money when trading CFDs with this provider.

The EUR/USD pair is a major currency pair that often experiences significant price movements. In the current market conditions, it appears to be coiled below resistance, which could lead to a potential breakout setup.

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