Daily chart: The descending correction script was exceeded – the price dropped below the middle band of the Bollinger (1.1317). ADX activity remains low, so the continuation of the reduction to support 1.1239 is not excluded.
N4: Locally, a sufficiently strong signal completion signal is clearly received: a bullish internal bar was formed from the lower band of the Bollinger, which can be considered a trigger for shopping. Thus, the euro can recover first to 1.1328, and then to 1.1376.
. H1: The hourly base of the Bollinger is below the current price, in zone 1.1268. Taking into account the previously punched Balinger’s lower envelope, the pair can test this area after touching the midline (1.1322).
Conclusions: Decreased to 1.1268, then take off to 1.1328 and 1.1376.
Trademarks:
1. Sales to 1.1268 from 1.1322.
2. Shopping from zone 1.1268 to 1.1328 and 1.1376.
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