There are a lot of different Breakout strategies around, from simple to complicated and combined with proper money management.
The breakout trader is not concerned with any long term forecast, direction or analysis, only the immediate price action is important.
A crowd usually has the psychology that if the previous day's high is crossed up, the general price move is up as well and they are more likely to buy than sell. The opposite is true when the previous day's low is crossed down.

Daily European Forex Breakouts.
Based on previous daily data and early European opening of the six
major Currency Pairs running the world economy.
Order input must be done before the European Opening.
Depending on capital, take partly profit at calculated levels.
Use max. around 1% equity risk.
Daily signals are avaialable with a paid subscription only.
Real Money System Performance Report

Weekly European Forex Breakouts (SEE BELOW).
Based on previous weekly data and early European Monday morning opening of the
Currency Pairs as below.
Order input must be done before the Monday morning European Opening.
Depending on capital, take partly profit at calculated levels.
Use max. around 1% equity risk.
Number of units are for the complete basket, so when all currency pairs are traded.
Look to pips at risk if you trade only one currency pair.
We advice to trade at least the four majors to spread the risk.
The signals as below are updated during the weekend and available for free on this page.

Remember, Forex trading means risk, prices can go against your position.