A EUR/USD breakout is imminent (Weekly)

I've been closely observing the EUR/USD price action on both the daily and weekly charts, and it looks like a major move is imminent.

Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing.

Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance areas to start initiating positions in the direction of the price trend.