Negative forecast for euro remains

11.08.2021
Daily chart: bears are clearly ready to break through the next round support at 1.1700, as evidenced by the preservation of the trend potential by the ADX indicator. Euro quotes may fall by 50-70 points...
Read more

We are waiting for a downward reversal from 110.65

10.08.2021
Daily chart: the pair is clearly set to rework the upper Bollinger band (110.65) before turning down. These remaining 20 pips up do not look as attractive as a possible 80 pips down after the...
Read more

Bearish potential

10.08.2021
Daily chart: bears maintain pressure on the euro in the support zone of 1.1726 (lower Bollinger band). Probably, the day will be closed by a breakdown of the lower Bollinger envelope, which will further aggravate...
Read more

Trading range 1.3852-1.3898

09.08.2021
Daily chart: the downward wave is approaching the middle Bollinger band (1.3831), where there is an obvious demand area, going below which will be problematic for sellers - the ADX trend potential is decreasing. Н4:...
Read more

The pressure on the euro maintains

09.08.2021
Daily chart: the pair has reached the lower Bollinger band (1.1741), where there is substantial support. Meanwhile, the bears maintain pressure on the euro, as evidenced by the trend ADX. Therefore, the probability of a...
Read more