Eurusd, trading range 1.0540-1.0595

daily graph : it will be very difficult for bulls to update the maximum. In zone 1.0600 there are both the upper strip of the Bolinger and the round psychological level. The probability of turning down is very high.

N4 : The breakdown of the upper band of the Bolinger was recorded here, therefore, from the middle line (1.0513), buyers can try another upward movement.

H1 : below the couple supports the area 1.0540 (lower band of the Bolinger). Trend potential falls, so a breakdown Unlikely.

Conclusions :

The main scenario – the rebound up from 1.0540 to 1.0590-1.0595.

alternative scenario – decrease by 1.0513, then bouncer up.

Trade decisions : Trade in the range 1.0540-1.0595.