EURUSD - TREND CHANGED ?

EURUSD is poised for a potential bullish rally, having broken the extended downtrend and entering a phase of consolidation, which could provide an opportunity for further upward momentum. Although the broader global trend remains bearish, it is premature to discuss a trend reversal, as the price is still facing significant resistance at 1.0440. However, a consolidation base is forming in this area, and if the US dollar continues its corrective movement, EURUSD may have the potential to confirm a trend shift. Should the bulls manage to surpass 1.0448 and establish a firm position above this level, a move towards 1.0610 and potentially higher could be in the cards.

Resistance levels: 1.0450, 1.0610
Support levels: 1.0330, 1.0225

From a technical standpoint, attention is on the immediate level of 1.0450. A breakout and sustained trading above this zone could present an ideal entry point for long positions.