Lingrid | EURUSD Higher CLOSES. Potential BULLISH move

Following the news, EURUSD has rebounded from a support level and is now making its way towards the next resistance zone. On the weekly timeframe, we're seeing a bullish bar that broke through the previous two weeks' high, indicating a potential upward trend. This break above the key zone of 1.08000-1.08200 suggests that the price may continue to rise. As you can see, the price has not only broken above the range zone but has also closed above it, which typically acts as a strong support level. With this momentum, I'm expecting an upward move towards the strong resistance level. However, it's essential to keep in mind that today's news releases can potentially alter the market's direction in either direction. My target is the resistance level at 1.08520


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