EURUSD → Consolidation in the selling zone.

שלשום

EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone.



The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair.
The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO.
Technically, against the background of a strong rallying dollar, the euro has almost no chance.
If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term.

Resistance levels: 1.0448, 1.053
Support levels: 1.033, 1.022

At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline.

Regards R. Linda!