EURUSD - waiting to BREAK the 1.0948 barrier

EURUSD

Generally, the direction is downtrend

Uptrend Side: The price is exhibiting negative movement today, having also broken the breakout level and stabilized below it. Currently, the price is expected to decline further towards 1.0948, and a break below this level may lead to a drop towards 1.0841.

Correction: may the price make a correction until around the resistance of 1.1032.

Downtrend Side: The bullish trend will be activated if the price reverses and trades above 1.1032, targeting 1.1082. A break above this level, confirmed by the closing of a 1-hour candle, will likely lead to a move toward 1.1140.

Tendency Keys: 1.0948
Chart PatternsHarmonic PatternsTrend Analysis

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