EURUSD
Although the correction phase seems to have lasted quite a long time and the ideal upward trend line could not be maintained, the exchange rate did not break down and did not fall below the important level of 1.1719. There is no sign of downward momentum. The declining red trend line would have to be broken for a reversal to occur, the correction phase to end, and a trend-like rise to start again. There is resistance at the 1.1841 level, which is a watershed between the long and short sides; if it closes above that, a buy signal could come.
Resistance levels: 1.2085; 1.2207; 1.2329; 1.2451; 1.2573; 1.2695.
Support levels: 1.1719; 1.1597; 1.1475; 1,1352; 1.1230.
