EURUSD → An attempt to reverse the bearish trend...Euro/US DollarFX:EURUSDRLindaEURUSD on the daily timeframe is breaking through the resistance of the downward price channel that has been developing for two months. Confirmation of the trend reversal is needed... The dollar has been testing support at 99.3 for several days now, and the likelihood of a further decline is only increasing. The decline of the dollar will have a positive effect on the euro exchange rate. The currency pair is forming a battle for the 1.1577 zone, a key area of support against the backdrop of an uptrend. If the bulls keep the price above this level, it will confirm the price entering a new trading range, which in turn will open the way to 1.1667. Support levels: 1.1577, 1.1541 Resistance levels: 1.1622, 1.1667 A consolidation of the price above the support of the new trading range and a subsequent breakout of the local maximum could confirm a trend reversal, which could trigger a rally to 1.1667 - 1.174. Best regards, R. Linda!