EURUSD
Last week, the downtrend line was broken, opening the way for a long-term upward move. The series of lower highs was also broken, as the price managed to rise above the last swing high (1.1627). This changed the bearish structure, allowing traders to shift their focus to buying opportunities. The first major resistance level was around 1.1781, which it reached yesterday, but a reversal has not yet occurred. The next resistance level may be around 1.1963, but the previous high of 1.2085 can also be mentioned as a short-term target.
Resistance levels: 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1475; 1,1352; 1.1230.
