EURUSD – correction to the zone 1.0420-1.0450

06.12.2022

Daily: the pair, having tested the upper Bollinger band (1.0600), went to the correction, which now may well reach the zone of 1.0358 (middle line).

H4: Here the Euro has already traded in the bottom Bollinger band, which will also facilitate the decline to 1.0423 (bottom Bollinger band).

H1: As we see the ADX potential is relatively low, so the downside potential is limited by the support zone 1.0423-1.0451.

Conclusions: fall to 1.0423-1.0451.

Recommendations: Sell to 1.0423-1.0451.