EURUSD
The dollar’s strength pushed the exchange rate below 1.1475, resulting in a structural shift. Therefore, even if it rises for days or rebounds to 1.1597 or the red trend line, it may still not be enough for a sustained reversal. Without a higher low, a reversal is unlikely to occur. If the price rise does not exceed last Tuesday’s high (1.1667), the pair’s exchange rate may remain in a downtrend. Below 1.1475, 1.1230 and 1.1108 are considered strong support levels.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1475; 1,1352; 1.1230.
