EURUSD, TRADE RANGE 1.1338-1.1384

Daily chart: Euro received a rebound up, but remains under pressure – the lower band of the Bollinger again indicates the possibility of drawdown below the round level 1.1300.

H4: Dynamic resistance 1.1384 (the upper strip of the Bollinger) led to the rebound down, which can also talk about the high probability of a new decline in quotations to the region 1.1291, GLE is now the lower limit of the envelopes range.

H1: Local upward trend passes against the background of active ADX, although The trading range is potentially limited to levels 1.1338-1.1384. Most likely, today we will see a progress in this corridor.

Conclusions: Rollback to 1.1338, then height to 1.1384.

Trade Solutions: Trade in the range 1.1338-1.1384.

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