EURUSD is forming a consolidation, which hints at a halt in the downward correction. The market is waiting for news that could trigger strong movements...The dollar is pausing and moving into consolidation. If the index enters a correction phase, the euro will go up. A breakout of 1.155 could confirm a change in the local trend and trigger a rally.
The price is trading within a downward price channel; locally, the market is not ready to update the low and is consolidating above 1.150 and 0.7f. Accordingly, the focus is on the current consolidation: 1.150 - 1.155
Resistance levels: 1.155, 1.1606
Support levels: 1.1524, 1.1502, 1.1473
The price is currently consolidating, which means that the market is preparing for possible movements. A breakout of one or another boundary could trigger a rally. A breakout of resistance will confirm a change in the local trend. However, a breakout of support could trigger a continued decline to 1.1473.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
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🔴Contact: telegram.me/RLindaSignals
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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