EURUSD
The decline that began from the September peak lost momentum around the 1.1108 level, but the pair has not yet reversed its trend. Signs of buyer exhaustion on the dollar side can also be observed, although this view remains valid only as long as 1.1108 holds. A break below that level could instead confirm a continuation pattern, opening the door to targets well below 1.10. On the downside, 1.0986 and potentially even 1.0742 would come into focus. A structural trend reversal is still some way off, as the formation of a higher low would be required. As a first step, the pair would need to close above 1.1230, which could then increase the likelihood of a bullish turnaround.
Resistance levels: 1.1230; 1.1352; 1.1475; 1.1562; 1.1719.
Support levels: 1.1108; 1.0986; 1.1742.
