This trade setup on EURUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 1.1202.
Supported by Upward sloping Moving Average
Target: 1.1202 Entry: 1.117 Stop: 1.1083