RLinda ! EURUSD-> An attempt to break through support.

15 Mar 2023

EURUSD from the opening of the session forms a pullback in the local uptrend, it is likely that the movement is aimed at the retest of the liquidity zone

The dollar is strengthening and thus the eurusd is trying to break through support. It is possible to trade either a breakout or a false-break, but it is necessary to wait for a signal.
If the price consolidates under 1.06900 (Consolidation), then it might fall to 1.0600.
If the price makes a false breakdown and is able to form a consolidation above the level of 1.07000, then we will have a bullish potential.

The price is in the risk zone. The strong fall from 1.07500 can be stopped at 1.0690 after a false-break, but as the zone is complicated we need to wait for a specific price reaction in the form of consolidation above or below the level.

Regards R.Linda!