EURUSD| Critical Reversal at 1.0918, Key Levels Define Trend

145
The price surged and attempted to break the 1.0918 level, however, the resistance proved strong, leading to a reversal and a corrective movement toward 1.0832. The correction may extend further to 1.0767 before the price resumes its upward momentum, aiming to break the resistance level and stabilize above it, ultimately reaching 1.1027 and beyond.

However, a confirmed break below 1.0767, indicated by a 4-hour or daily candle close, would signal the beginning of a bearish trend.


Tendency Keys: 1.0832
Resistance Line: 1.0918, 1.102, 1.114
Support Line: 1.0832, 1.0767, 1.0675

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.