EURUSD - Distribution. Rally following a correction Euro/US DollarFX:EURUSDRLindaEURUSD is entering a distribution phase following a prolonged consolidation. However, the market is forming a false maneuver to hunt for liquidity... The dollar is falling amid geopolitical developments, specifically a temporary de-escalation. However, the situation in the Middle East remains tense, and any misstep could cause the situation to escalate again. The currency pair is ending its consolidation and moving into a distribution phase after breaking through the consolidation resistance, leaving behind an imbalance zone that was partially closed during the correction. Key area of interest: 1.163. Support levels: 1.163, 1.1575 Resistance levels: 1.1795, 1.1828 A correction and a long squeeze of the key support zone could shift the balance of power toward buyers, which in turn could lead to an uptrend. Best Regards, R. Linda!