The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher....
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions.
Regards R. Linda!
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🌹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
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
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.