The euro/dollar reached the 1.1445/1.1475 resistance range on Thursday. The pair traded below 1.1445 for several hours. The ending triangle is in its final stages, but this doesn’t mean that a new dollar rally will start from exactly here. Yes, there is a downwards correction, but what will it look like in terms amplitude, motion and duration? Buyers believe in themselves.

As the price approaches 1.1470, the more people will be willing to sell their euros. As a result, it will be easier to go beyond this level. The price has been in a sideways trend for the last 12 hours. The bulls are strong and will try to launch an assault on 1.1465/70 as markets open.

Source: "EURUSD: price has reached the resistance zone"
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