Dear friends, EUR/USD returned to the red below 1.1050 early Tuesday in Europe. A broad recovery in the US Dollar and cautious optimism is weighing on the main market on the first trading day of 2024. Focus turns to EU/US economic data to provide key direction most accurate in EU.

From a technical perspective: By drawing the trendline Bella expects the price to start increasing again from here with good support from 1,100, it is expected that the price will increase to 1,120 with a stable trend on the 4-hour time frame. .

What is your view? Do you agree with my opinion?