1 hour analysis. Break outs still on hold

Pay attention to the purple line. Its shows an inner (almost) "pennant" or closer to "descending" triangle. Either way this is still a trading and/or scalping range. Keep in mind that the EUR has been in a bearish trend for 2 years. We really need to wait for a big break out. Although, I have charted some easy spots to look for reversals, ill be taking shorts until this trend decides where it wants to go. I'm not much of a fundamentalist but I do pay attention. Still believe it will break out bullish.

Final analysis... breakout will happen in the next three weeks. Watching for reversals and taking shorts until then.

EURUSD