EURUSD Forecast – Key Level $1.05825 Under Testing

The price has started the week with an indecision candle where the price has touched $1.05825 resistance and $1.05087 as a support level.

Now the price is on the support level $1.05825 that should hold so the price can move again on higher levels.

Weekly time frame shows $1.05825 is still not broken on the upside, so we need to wait until the market manages to close the week above.

If the price closes below $1.05087 this will be a sign the price is heading to the demand zone to $1.03920 where the bulls were strongest and where the price could find a base for the next move up towards $1.07825.