💡 Ideas For EURUSD 🇪🇺🇺🇸
📈 EURUSD → The 1.100 liquidity area is interesting for the market
➖➖➖➖➖➖➖➖➖
EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area
📈 EURUSD → The 1.100 liquidity area is interesting for the market
➖➖➖➖➖➖➖➖➖
EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area
For two weeks in a row the dollar index is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the range and in the phase of growth from the support, in case of distribution of targets for the market the area of interest is the upper boundary - 1.100. But, today the news is published, as this factor brings a drop of unpredictability, we need to understand that the break of the support of the ascending channel will break the structure. And a retest and consolidation of the price above 1.0897 will form the potential for further growth.
Support levels: 1.0897, channel support
Resistance levels: 1.100
I expect that the currency pair can realize a bullish potential, as the area of 1.100 is interesting for the market.
Support levels: 1.0897, channel support
Resistance levels: 1.100
I expect that the currency pair can realize a bullish potential, as the area of 1.100 is interesting for the market.
