Daily flat forecast

12.08.2021
Daily chart: the lower Bollinger band (1.1705) provoked a rollback of the euro quotes upwards. Overall, the general negative scenario for the euro persists, but now we cannot exclude the possibility that the Bollinger average...
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We mark a downward reversal zone

11.08.2021
Daily chart: testing of the upper Bollinger band (110.86) is expected in the near future, from where a downward reversal will be possible. ADX is not in the trend zone yet, so this scenario looks...
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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...
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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...
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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...
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