The price formed a strong bullish engulfing bar breaking $1.01368 resistance level.
On Friday the price returned down close to $1.01368 and tested this demand zone as a support and then returned back up and broke the $1.02669 resistance level.
Week ahead will show some price fall to the first support at $1.02669 and probably to $1.01368 as a weekly support level.
The $1.03920 is the zone that will confirm an uptrend for the EURUSD after the price broke outside from the downtrend.
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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.