EURUSD – UpDaily chart: ADX is very active. Bulls failed to get the price corrected to the middle Bollinger band (1.1187). Now the pair is about to test support 1.0967, from where a certain upward correction will take place. Н4: the pair is heavily oversold, anticipating a start of an upward pullback towards the middle Bollinger band (1.1110). ADX is reversing in favor of bulls, so sellers do not have much strength. I would recommend buyers to act only on the basis upward signals before considering possible transactions. Н1: bullish convergence of the oscillator also means exhaustion bearish potential. The intermediate support is 1.0996, which also can demonstrate demand in the euro. The main scenario – decline to 1.0967 and start of rising correction The alternative scenario – touch of 1.0996, and bounce towards 1.1029 and 1.11 Trading solutions: search for upward signals to 1.0996 and 1.0967.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83579.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
