EURUSD → Accumulation of liquidity before continued growth

EURUSD currency pair is forming a trading range within a global and local uptrend. Before continuing its growth, the market may form a false breakout.



Against the backdrop of the falling dollar, the euro is strengthening and has gained 13% over the past four months, which is a fairly significant growth indicator for the currency pair. Fundamentally, the US is trying to achieve a rapid reduction in interest rates, which may continue to support the euro...
Technically, the price is consolidating against the backdrop of a global and local uptrend. A correction is forming towards the support zone, where there is a fairly large pool of liquidity...

Resistance levels: 1.1392, 1.1439, 1.1481
Support levels: 1.130, 1.127

The price is heading towards support, namely, the market is interested in liquidity below 1.13 - 1.127, which must be tested in order to build up potential before the bullish trend possibly continues.

Best regards, R. Linda!