
EURUSD is waiting for a reaction from the US market, namely we are all watching the dollar index. It forms a retest of the strong resistance at 105.00 and forms a rather strong consolidation. If the price breaks the resistance, a very strong bullish impulse will be formed, which will affect the whole forex market. But there is a small chance that the 105.0 area will not let the price in and a correction will form, in which case EURUSD may break the trend resistance and form a shakeout to 1.0835. In priority, I expect a retest of 1.06350 followed by a breakout and a decline to 1.05000
Support levels: 1.06350
Resistance levels: 1.0685, 1.0765
The currency pair may break the line on the next support retest. We should be ready for the resistance breakout as well. Watch the reaction of
Regards R. Linda!
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