EUR/USD Analysis (August 15)

The pair continues to trade without clear directional bias. Market participants are now waiting for a catalyst to choose their side.
Any upside move is being well capped by a daily descending trendline near the 1,44 resistance. On the downside, we will keep a close eye on the 1,40 key level roughly corresponding to the daily bollinger band.
We will wait for a clear breakout on either side to build a middle/long term strategy.