EURUSD, the potential of the downward euro correction is not exhausted

Daily chart: Technical downward correction continues in the direction of the middle band of the Bollinger (1.1356), from where, presumably, the study of the uplink wave will begin, which is due to the presence of a breakdown of the top envelope of the Bollinger.

H4: Locally also allocated the region of demand 1.1356-1.1375. The seduction of the market to test will be very large, as well as the possible amount of deferred purchase demand, placed here.

H1: Inside the day there is no any Trend potential, so the euro can stand in the side corridor inside Bollinger envelopes (1.1391-1.1420).


Main scenario – Flet in the range 1.1391-1.1420.

Alternative Scenario – Reduced to 1.1356-1.1371, then turn up.


1. Sales from Zone 1.1420 to 1.1391 and 1.1371.

2. Deferred purchases from Zone 1.1356-1.1371.