EURUSD| CONFIRMED BULLISH TREND IS ABOVE 1.0450

The price has been in an upward movement following a previous sharp downtrend and a period of sideways consolidation. Currently, it is testing the 1.0450 resistance level, which has acted as a significant barrier in previous price movements. The breakout attempt above this level suggests potential bullish momentum, but a correction may occur before confirming an uptrend. If the price stabilizes above 1.0450, the bullish trend is likely to continue toward the next resistance levels, with 1.0608 as the next major target. On the other hand, failure to sustain above 1.0450 would indicate weakness, leading to a possible bearish continuation toward 1.0350. A break below 1.0350 would reinforce the bearish scenario, potentially pushing the price lower. The chart structure highlights these key levels, showing past price reactions and trend shifts around them.


Tendency Keys: 1.0450
Resistance Line: 1.0450, 1.0608, 1.0832
Support Line: 1.0350, 1.0261, 1.0120