🇪🇺 EURUSD 🇺🇸 - Attempting to change the uptrend
The market is forming a consolidation while waiting for news in the US, as it is impossible to know in advance what the data will show. Earlier the currency pair broke the support of the uptrend and apparently there is a chance to see a retest of the resistance before the price falls towards 1.075
Reasons for the fall:
1) Structure breakdown, price breaks support and forms consolidation
2) Market mood changes after an attempt to change the trend
3) The dollar is rising, against this background the euro may fall
4) Retest of resistance before falling
Reasons for the fall:
1) Structure breakdown, price breaks support and forms consolidation
2) Market mood changes after an attempt to change the trend
3) The dollar is rising, against this background the euro may fall
4) Retest of resistance before falling
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