EURUSD tests liquidity. Ready to buy up?Dear traders! Overall, EURUSD experienced significant price gains yesterday with a breakout from falling wedge resistance amid a generally positive backdrop as the US Dollar (USD) struggled to maintain its strength and helped the pair partially erase weekly losses.
Currently, at the end of this week's trading session, EURUSD has paused at 1.0845 and it seems that the uptrend has officially returned after a clear breakout from the falling wedge. Given the current trend, I personally still favor buying strategies and testing local highs until hitting the 1.0880 resistance level as the least target. It is expected that after the period of adjustment and accumulation below the mentioned support level and testing the liquidity of the market, it will realize the growth and distribution phase.