Gold-Tech

💱 EURUSD - Breakthrough trend. The signal to the long

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD is breaking the trend. The dollar is not at its best fundamentals are forcing the index to weaken, thereby strengthening the currency pair.

TA on high timeframe:
1) Strong bearish rally may be testing the liquidity zone and forming a rebound after a false breakdown of 1.0682
2) Moving averages on the daily chart begin to shift from downward to neutral

TA on a low timeframe:
1) Price makes a false breakdown of 1.07182
2) After the false-breakout a rally is formed and the price breaks the resistance of the bearish channel
3) The currency pair tends to 1.0763, which may be followed by a pullback
4) Average-term price keeps positive potential for growth to 1.0848

Key support: channel resistance, 1.0718
Key resistance 1.0763

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