💱 EURUSD - Breakthrough trend. The signal to the long
EURUSD is breaking the trend. The dollar is not at its best fundamentals are forcing the index to weaken, thereby strengthening the currency pair.
TA on high timeframe:
1) Strong bearish rally may be testing the liquidity zone and forming a rebound after a false breakdown of 1.0682
2) Moving averages on the daily chart begin to shift from downward to neutral
TA on a low timeframe:
1) Price makes a false breakdown of 1.07182
2) After the false-breakout a rally is formed and the price breaks the resistance of the bearish channel
3) The currency pair tends to 1.0763, which may be followed by a pullback
4) Average-term price keeps positive potential for growth to 1.0848
Key support: channel resistance, 1.0718
Key resistance 1.0763
TA on high timeframe:
1) Strong bearish rally may be testing the liquidity zone and forming a rebound after a false breakdown of 1.0682
2) Moving averages on the daily chart begin to shift from downward to neutral
TA on a low timeframe:
1) Price makes a false breakdown of 1.07182
2) After the false-breakout a rally is formed and the price breaks the resistance of the bearish channel
3) The currency pair tends to 1.0763, which may be followed by a pullback
4) Average-term price keeps positive potential for growth to 1.0848
Key support: channel resistance, 1.0718
Key resistance 1.0763
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