Forexpamm

Eurusd, where is the bottom for the euro?

daily schedule: euros are unprecedentedly falling, which is why there simply no significant supports that can stop this process.

N4: The nearest dynamic support level will be found on the lower line of Bolinger (0.9736). There is some resale, which can contribute to correction.

H1: outside the lower envelope of Bolinger is already three in a row. Thus, from the zone 0.9700-0.9736, a rollback to the middle Bolinger strip (0.9822).

Conclusions : a decrease by 0.9700-0.9736, then rollback up to 0.9822.

Trade decisions:

1. Sales to 0.9700.

2. Purchases from 0.9700 to 0.9822.