Lingrid | EURUSD continues Moving in the RANGE zone

The EURUSD continues to range after the pullback from the resistance zone. The price is basically squeezed. It keeps bouncing off the support and resistance. The longer it stays in the range zone, the stronger the breakout is going to be. Price action made higher lows and equal highs on the 1H timeframe, showing the bullish pressure on the key resistance at 1.1000. Even though it's hard to tell which side of the range will be broken, the main trend is still bullish on the daily timeframe. Overall, I expect a breakout upside, then retest the next resistance. My goal is the support level at 1.10480


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

Comment:

The market pulled back to the support level and channel border. EURUSD market overall is in the range zone after a big bearish move. So it makes sense to buy at the bottom of the range and sell at the top of the range zone. The price reached previous week low. The market bounced off the support level twice before, and now it's testing this level again. I expect the price to reject the support level, forming long-tailed bars or an engulfing candle. My goal is the resistance 1.09650