EURUSD Correction after hitting a Resistance

9月9日

EURUSD has formed a tweezer candle pattern on the weekly chart, indicating a potential reversal. This pattern suggests that the recent move may have been a false breakout above 1.1200. Since June, the pair has seen a strong bullish run, and it now seems poised for a correction. We could see a complex pullback, potentially forming an ABC pattern, as the price has broken and closed below a key upward trendline that has held for the past two months. The market may test levels below the psychological mark of 1.1000. The target is the support level at 1.09800