Two scenarios for today

08.07.2021
Daily chart: yesterday's pinbar was formed without any supports, so it can be safely attributed to the "bull trap". ADX is in the extreme zone, so the quotes will probably continue falling in the direction...
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Preparing for further decline

08.07.2021
Daily chart: the euro is gradually and consistently declining towards the lower Bollinger band (1.1736). The forecast for this development remains relevant against the background of the trend pressure from the ADX. Н4: a local...
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Flat forecast

07.07.2021
Daily chart: at the end of the day a bullish pinbar can be formed, which would mean the completion of the downward technical correction, and would also give traders an important buy signal. Н4: the...
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Trading range 1.3768-1.3847

07.07.2021
Daily chart: the pound has duplicated the massive bearish bar of the euro, therefore, despite the divergence in the RSI, further development of the downward medium-term wave in the direction of 1.3691 (lower Bollinger band)...
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Marking the borders of the correction

06.07.2021
Daily chart: the downward technical correction is potentially limited by the middle Bollinger band (110.48), from where the bulls will have a chance to continue the uptrend. Н4: local bearish trading within the lower Bollinger...
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