EURUSD – Ball on the bulls’ field

13.03.2023

Daily: bullish movement, although not trending, but occurs after a reliable protection of the bottom wall of the Bollinger envelopes. Therefore, there is a prospect of growth not only to the middle band (1.0633), but also to the territory of the upper envelope, in the direction of 1.0744. But of course not today.

H4: Here the Euro has already traded above the middle Bollinger line. Thus, we expect the pair in the area of 1.0633-1.0661 in the near future.

H1: Within the day the potential of ADX is not so strong, but we still have to consider the upside work.

Conclusions: growth to 1.0633 and possibly to 1.0661.

Recommendations: Buy to 1.0633 and 1.0661.