Eurusd, the culmination of the bull trend?

daily schedule : touching the upper strip of Bolinger (1.0720), which immediately led to the rollback of the quotes down. At the same time, there is a significant trend potential of ADX, which does not put a cross on a further possible growth.

N4 : We note strong support zones (1.0658, 1.0603) and resistance (1.0720), between which multidirectional price fluctuations may be observed today.

N1 : the lower strip of the Bolinger was not broken, which also indicates the preservation of the ascending The nature of the market. We are waiting for repeated retests of the area 1.0700-1.0720, after which the further market plans will become more understandable.

Conclusions :

The main scenario – growth to 1.0700-1.0720, then reversal down to 1.0658.

Alternative scenario – decrease by 1.0603.

Trade decisions : Search for possible signals for sales in zone 1.0700-1.0720.