EURUSD → ATH update, false breakdown, but there are nuances...

23 aoûtEURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise.

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The key level is 1.1123, as well as the high of 1.1173.
The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news.
The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets.
Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher.

Resistance levels: 1.1123, 1.1173
Support levels: 1.1047, 1.1009

The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;)

Regards R. Linda!

23 août

Transaction en cours

26 août

Transaction en cours

The continuation of the movement from the market opening is formed
Potential from last week continues to develop within price movement