Lingrid | EURUSD reached PSYCHOLOGICL level at 1.1000

١٤ أغسطس ٢٠٢٤

EURUSD has broken above the key resistance level of 1.1000, following the recent news that weakened the DXY . This move is characterized by the formation of higher highs and higher lows, indicating strong bullish momentum. Looking to the left, we can see that the price is now testing a previous resistance zone from which it fell sharply before; therefore, a pullback is a possibility. With high-impact news today, the market may continue to expand upward. If the price does pull back to the support level below this psychological level, it could create potential buying opportunities. I expect a rejection at the support level, which would likely be followed by an upward move. My goal is the resistance zone around 1.10500


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