The euro was trading mixed on Wednesday. This comes as the greenback attempted to make a comeback.
Traders were mostly trading off the major global cues with the FOMC meeting and the China trade talks at the forefront. Economic data from both the eurozone and the United States was sparse.
Can EUR/USD Consolidate Result in an Upside Breakout?
The EURUSD has been trading within the resistance area of 1.1075 – 1.1062. This has led to a possible bullish flag pattern. But, an upside breakout is required in order for prices to push higher.
The minimum upside target is seen at 1.1131. This also coincides with the upper resistance area at this price point.
