The euro traded flat on Thursday. The common currency closed almost near the open. A lack of economic data and any major developments in regard to the US trade dispute kept the currency pair in check. However, this could change with the release of the German trade balance report.
EUR/USD Could be Waiting for a Breakout
The currency pair is firmly stuck within the range of 1.1250 and 1.1188. This consolidation comes right after the euro posted strong gains since the middle of last week. As a result, we could expect to see the EURUSD aiming higher. A breakout above 1.1250 will potentially give way for 1.1340 level at the very least.
