EURUSD, negative forecast for Euro

Daily chart: Bears are ready to punch support in the bottom of the Bollinger Band (1.0844) – the Trend pressure from the ADX indicator can be interpreted as high.

N4: Local bearish trend is also no doubt. Support test 1.0838 is expected and further decreased quotes in the direction of the nearest round level 1.0800.

H1: As we see, on all timeframes there is a dominant position of sellers. Negative forecast for the euro today is Most optimal.

Conclusions: Reduced to 1.0800, and possibly lower.

Trademarks: Sales by 1.0800.