EURUSD has bullish potential

30.11.2021

Daily: The upward correction continues to develop. The Bollinger Middle Line (1.1388) has been tested this way, so today we should expect the EUR in this range.

Н4: Strong local resistance is possible on the upper Bollinger band (1.1343). But here the ADX shows a trend potential, which can be regarded as an indicator of a high probability of a breakout.

Н1: We consider the support at the level of 1.1283 as a level for purchases. There are bullish signals from the ADX indicator.

Conclusions: Growth is expected to the level of 1.1388.

Trading solutions: Long deals with the target at 1.1388.