Generally, the direction is consolidation
Summary: The Euro against the US Dollar has presented temporary positive trades before resuming its decline. This keeps the bearish scenario active for the day, with a reminder that our targets begin with breaking the level of 1.0526, paving the way for a downward movement toward 1.0450 as the next negative station.
Downtrend Side: The scenario will remain active if the price stabilizes below 1.0526 upon the closure of the daily (1D) candle. The targets are set at 1.0450 and 1.0290.
Uptrend Side: The uptrend movement will commence once the price stabilizes above 1.0526, particularly if it surpasses 1.0608.
Tendency Keys: 1.0526