Analytics

Daily chart: Euro received a rebound up, but remains under pressure – the lower band of the Bollinger again indicates the possibility of drawdown below the round level 1.1300.

Daily chart : The third consecutive breakdown of the lower envelope of the Bollinger occurs on the background of relatively low pressure ADX, which is fraught with turn down.

Four-hour EUR / USD Couple Schedule. Yesterday, the currency pair continued to move down and crossed the lower boundary of the oversold region, level (-2/8).

Euro expectedly failed below by updating the minimum once again. So far, everything is consisted within the framework of the proposed wave scenario, according to which the final wave of a downward pulse is currently developing, which is part of the correction of the host form of a simple zigzag.

EUR / USD: Rising Inflation Equals to Rising USD ALL US MACROECONOMIC STATISTICS TURNED OUT TO BE WORSE THAN FORECAST. But Despite This, The American Currency Continues to Grow.