💱 EURUSD - Support test on the up-trend background

9 พ.ย. 2023

EURUSD is forming a support retest on the background of the correction when trend resistance is tested. The level of 1.0675 has already been formed and is a strong mirror support level. Another retest may confirm the bullish position and direct the price upwards.

Prerequisites for further growth:
1) The dollar index is in a stupor and most likely ready to decline. Today news is published, including Powell's speech, we are waiting.
2) On the background of the uptrend, the price is testing a strong support
3) A retest of the base of the reversal pattern is being formed. The level of 1.0675 can send the price up.

Key support: 1.0675
Key resistance: 1.0756