Eurusd, trading range 0.9728-0.9793

daily graph : the bulls could not overcome the resistance of 0.9793 (the middle strip of the Bolinger). ADX, at the same time, is falling, therefore, most likely, multidirectional movements in the range 0.9700-0.9800 will wait for us.

N4 : the descending phase was triggered by touching the upper strip of Bolinger (0.9793). Thus, quotes can achieve support of 0.9661, where the lower boundary of the Bollinger envelopes is located.

H1 : Powerful brew at 0.9728 (Bolinger’s lower line). It is very possible that inside Bears of day will not be able to pass below this mark.

Conclusions :

The main scenario – Flet in the range 0.9728-0.9793.

alternative scenario – decrease by 0.9661.

Trade decisions : Trade in the range 0.9728-0.9793.