EURUSD – Trading range 1.0876-1.0920

10.04.2023

Daily: The euro remains in the middle of the upper Bollinger envelope, making the current situation almost unsuitable for position trading. Divergent movements may continue.

H4: An upward reversal was formed in the area of the lower Bollinger band, so there is a probability of a small upward wave towards 1.0966 (upper Bollinger line).

H1: We also see strong resistance at 1.0912-1.0920, which may lead to the sell-off within the broken bottom Bollinger envelope.

Conclusions: flat in the range of 1.0876-1.0920.

Recommendations: trade both ways in the range of 1.0876-1.0920.