EURUSD → Bounce from 1.1200 before further growth
Updated
EURUSD has been rallying since the beginning of the Asian session and is reaching the key resistance at 1.1200. The psychological level has quite a strong weight on the market and it will be difficult to break this area from the first time....A rebound is forming on H4-H1. On D1, a rather wide range of 1.120 - 1.105 is forming in the market but after the price exits the descending wedge, which is a rather promising bullish premise. Due to the strong distribution to 1.1200 the market has no potential to break through this zone, accordingly, in the short (mid) term I expect a pullback or consolidation in the range 1.12 - 1.114 ( 1.111) and the subsequent retest of the upper boundary of the range with the aim of breaking through and further growth to 1.127 - 1.135.
Resistance levels: 1.120
Support levels: 1.114, 1.111
There is a huge pool of liquidity above 1.12, which will not allow buyers to overcome this obstacle so easily. We are waiting for a correction and a further breakdown, which will be followed by growth.
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Regards R. Linda!
Trade active
Resistance retest is formed (price enters the liquidity zone) Trade active
That's great!
False break of resistance forms a correction to the liquidity zone.
We are waiting for the recovery phase to the resistance!
Trade active
Resistance retest after correction is formed 
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