EURUSD – UpDaily chart: a horizontal flat channel 1.1158 – 1.1275 (the range of Bollinger envelopes). Bollinger bands got much more narrow and that brings us closer to a new medium-term trend. Н4: a better shaped channel 1.1168 – 1.1250 is in the ascending phase of its movement. At the same time, ADX parameters are very active, which could lead to a breakthrough of 1.1275 Н1: ADX is correcting, so a breakthrough above 1.1225 may not happen. Support is at the middle Bollinger band (1.1186), although the price may touch the lower support at 1.1158 (lower Bollinger band) The main scenario – touch of zone 1.1225 and then the downward correction to 1.1186 and maybe toward 1.1158 The alternative scenario – surge to 1.1250 Solutions: consider buying options on downward pullbacks (around 1.1158 – 1.1186) and sales from around 1.1250.
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