The situation with the EUR/USD pair remains complex for me, as on one hand we still have a downward movement as the main trend, clearly visible on the daily charts. However, on the other hand, there is still a local upward movement, especially since we have not yet reached 1.0755. On Friday, there was a decent drop and even a local support around 1.0675 was tested, but the breakout turned out to be false. Nevertheless, there is a bearish engulfing pattern on the daily charts. Moreover, the dollar strengthened against the indices. The upcoming week is crucial for the pair and is expected to be volatile due to significant economic data releases from Germany, the Eurozone, and the US, as well as the FOMC meeting. Currently, I am just observing, but I do not rule out the possibility of the price climbing above 1.0655. However, if there is a false breakout, I will consider selling.
