The market rejected the support level and rebounded. EURUSD attempted to move lower three times. The price made equal lows, then it formed a long-tailed bar, which is a sign of level rejection. I think the market might go up to retest the resistance because, on the weekly timeframe, the market reached the demand zone. Additionally, the market also formed divergence at the support level, which suggests that bears do not have the strength to push price lower. My goal is the resistance 1.09000
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The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while escalating geopolitical tensions in the Middle East kept a lid on risk sentiment.
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