EURUSD
The exchange rate has rebounded to the red trendline, which defines the downtrend, but a break below the current downward structure would require a lower low. To achieve this, the price would need to break above the minor swing high at 1.1667 and then fall. If we remain below this level, the reversal will be delayed, and another wave of dollar strength could emerge, potentially even reaching new lows. 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.
