wave strengthening on the background of consolidation

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wave strengthening on the background of consolidationEuro vs United States DollarTICKMILL:EURUSDTrade_Hive_Signals EURUSD continues to develop the upward segment of the trend that began in late autumn. The breakout of a key resistance zone has strengthened buyers’ positions and confirmed the formation of a new impulsive wave. At the moment, the market is holding its gains, though signs of slowing within the structure suggest the emergence of a corrective pause. The wave picture remains multi-layered: higher-degree waves set the overall upward trend, while lower-degree waves create local fluctuations. Recent observations indicate that the corrective wave is close to completion, providing a foundation for further upward movement. The fundamental backdrop also supports the euro: dollar weakness amid expectations of a dovish Fed policy and moderate growth in the eurozone economy create favorable conditions for continued strengthening of the pair. Thus, EURUSD is in a consolidation phase that may serve as a launchpad for the next impulse.