EURUSD
We have seen significant and decisive movements in recent days. The long signal that developed last week was reinforced by each trading day: a new high was reached (1.2083), the rise is trending, and turnover is also adequate. The fact that the chart broke out after a long sideways movement – or, more precisely, accumulation – also points to a strong, longer-term signal. Last Friday, another breakout following the retest gave another strong buy signal. On Monday, an upward gap also formed, which can also be interpreted as significant support and a decisive signal for the coming weeks. Today, at 8:00 p.m. Hungarian time, the Fed's Open Market Committee's interest rate decision and subsequent assessment may cause significant volatility. There may even be a minor pullback, but as long as the closing price does not breach the 1.1841 level, there is still significant upside potential. If the 1.2085 level is broken, the nearest targets are 1.2207 or 1.2329, and later even 1.2695.
Resistance levels: 1,2085; 1,2207; 1,2329; 1,2451; 1,2573; 1,2695.
Support levels: 1,1841; 1,1719; 1,1597; 1,1475; 1352; 1,1230.
