💱 EURUSD - The emerging pattern may continue the trend

24 בנוב׳ 2023

EURUSD is forming a new ascending range. The support of the trend is the previously broken resistance of the ascending channel. A pattern is forming on the chart, which may strengthen the price to the next psychological level of 1.1000

Prerequisites for further growth
1) Bullish trend
2) Weakening trend in the US dollar, which technically strengthens the euro.
3) Consolidation above support
4) Bullish pattern
5) A break of the pattern resistance will strengthen the price

Key resistance: 1.09200
Key support: 1.085