Eurusd, bear potential

daily graph: powerful breakdown of the lower envelope of the Bollinger on the background of strong trend pressure ADX. These are obvious signals for continuing the fall of the euro.

N4: The nearest local goal of the bears is 1.0216 (Ballinger’s lower strip), although there is a significant trend potential of ADX and, accordingly, the possibility of deeper falling.

N1: It cannot be ruled out that inside the day trade will have the nature of the accumulation within the envelopes of the Bolinger (1.0234-1.0294).


The main script – fall below 1.0200.

Alternative scenario – Flet in the range 1.0234-1.0294.

Trade decisions: Sales from zone 1.0294 to 1.0234 and 1.0200.