EURUSD → price confirms trend change

EURUSD breaks the trend. The price comes out of consolidation, updating the highs confirms the final change of trend. Now the struggle in the market will be for the resistance zones...



The dollar correction, the main motives of which are politics and geopolitics, gives chances to the forex market. EURUSD has been strengthening for a month and is beginning to hint at good prospects if the dollar continues its correction in the meantime. This week all eyes are on the Fed rate and inflation meeting, which may support the current movements.
Technically, the focus is on the support at 1.0448. If the bulls hold the defense above this zone, the price will reach 1.06 - 1.07 in the short to medium term.

Resistance levels: 1.053, 1.0607
Support levels: 1.0448

The price has already tested the area of 1.0448. Another false breakdown may be formed, the purpose of which will be the capture of liquidity, after which the currency pair will continue its growth according to the intentions of buyers, who have finally awakened interest in the euro.

Regards R. Linda!