EURUSD → ATH update, false breakdown, but there are nuances...
Updated
EURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise. The key level is 1.1123, as well as the high of 1.1173.
The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news.
The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets.
Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher.
Resistance levels: 1.1123, 1.1173
Support levels: 1.1047, 1.1009
The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★
EURUSD ;)Regards R. Linda!
Trade active
Trade active
The continuation of the movement from the market opening is formed
Potential from last week continues to develop within price movement
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
Related publications
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.