EURUSD, reversal up

Daily chart : The quotes dropped to the lower band of the Bollinger (1.0877), which increases the likelihood of turning up. At the same time, an increase in ADX activity is observed, therefore today’s current closing state will be critical.

H4: The local lower line of the Bollinger is located just below day dynamic support (1.0868), which can be considered the same zone. Strong oversold also speaks in favor of the bounce script up.

H1: hourly lower The Bollinger Envelope was not broken, which may indicate the first signs of weakness of sellers.

Conclusions: Reduced in Zone 1.0868, then turn up in direction 1.0955.

Trade decisions : Purchases from the zone 1.0868 to 1.0955.