EURUSD, bears retain pressure

Daily chart : The lower band of the Bollinger (1.1245) still remains not tested, so the downward speaker can be saved. Also note the pressure extension from the ADX indicator.

N4: Local Balinger’s Low Envelope was previously broken, after which the correction reached the middle band in Zone 1.1315. This is the optimal zone for repeated sales than bears can use, lowering the quotes below 1.1250.

H1: intraday status of envelopes Bollinger talks about the possible preservation of the sidework in the range of 1.1274-1.1320. ADX falls, which is characteristic of flue scenarios.


Main scenario – Flet in the range 1.1274-1.1320.

Alternative Scenario – Reduced by 1.1250.

Trade decisions : Sales from zone 1.1320 to 1.1274 and 1.1250.