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
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