Forexpamm

EURUSD, the pressure on the euro is saved

Daily chart: ADX went to the trend zone, so in the zone of the bottom band of the Bollinger (Support 1.0855) there may be a significant pressure of sellers.

H4: Local dynamic support level is located on 1.0848. There is a drop in trend potential, which indicates possible consolidation within the lower envelope (1.0848-1.0942).

H1 : Trying a breakdown of the lower envelope of the Bollinger occurs on the background of a weak ADX, which indicates the high probability of rollback to the middle Strip (1.0904). Accordingly, from this zone you can expect a new attempt to sell.

Conclusions : Rollback to 1.0905, then reduced to 1.0848.

Trade Solutions: Sales from Zone 1.0905 K 1.0848.

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