Breakout on EURUSD

EURUSD managed to break out of the sideways range after the news and reached 1,1592.

This level aligns exactly with the 61.8% Fibonacci retracement of the most recent decline.

Keep an eye out for a pullback and a possible continuation of the move upward.

For a confirmed uptrend, we need to see a break above the previous high at 1,1656.

Avoid using large position sizes at this stage!