EURUSD, reversal after touching zone 1.1377

Daily chart : The third consecutive breakdown of the lower envelope of the Bollinger occurs on the background of relatively low pressure ADX, which is fraught with turn down. As a rule, such reversals occur after four consecutive bars outside the envelope, therefore, after the next minimum update, local signals for purchases will be of great importance.

N4: Local Bollinger Band is significantly lower than current prices (1.1377), therefore, most likely, bears will be able to work This goal is before the market will be reversed.

H1: On the hourly chart, the minimum volatility was observed within the Bollinger bands (1.1436-1.1452). The fled scenario cannot be excluded in the same trading corridor.

Conclusions:

Main scenario – Reduced to 1.1377.

Alternative script – Flet in the range 1.1436-1.1452.

Trademarks:

1. Sales from the zone 1.1452 to 1.1377.

2. Search for possible signals for purchases in zone 1.1377.

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