Lingrid | EURUSD broke through the CONSOLIDATION zone. LONG

3 lug

EURUSD is gaining bullish momentum, having broken out of a significant consolidation zone and also breaking through the downward trendline. Additionally, the market has managed to close above the crucial 1.07400 level, which has been tested multiple times before. Today's high-impact news has the potential to alter the market's direction in any way. However, I anticipate a short-term correction to the support level before resuming its upward trajectory. This correction will likely be followed by an upward movement if the price rejects the support level. My target is the around resistance zone at 1.08000.


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