EURUSD → Pre-break consolidation against 1.053

EURUSD continues to form bullish hints for a possible continuation of growth. There is strong resistance ahead and the market is forming a pre-breakdown consolidation

The dollar continues its correction amid economic data, the country's politics and hints from Trump and Powell of a possible rate cut soon.
The euro is benefiting from the dollar's decline, but how long will it last, especially amid the tariff war between the U.S. and Europe?
Technically, at the moment, the chart indicates a bullish outlook. Within the local uptrend, an ascending triangle is forming, which generally indicates bullish interest in the market. The focus is on the pattern base - resistance at 1.053.

Support levels: 1.045, 1.040
Resistance levels: 1.053

If the dollar continues its downward course, the currency pair has all chances to grow.
A retest of the trend support (false breakout) before the resistance breakout is possible.
Breakout and consolidation of the price above 1.053 may provoke growth.

Regards R. Linda!