Trading range 1.3842-1.3907

12.07.2021
Daily chart: the bulls' attempt to gain a foothold in the upper Bollinger envelope took place last week against the background of ADX correction, so it is not a fact that this breakout was true....
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Multidirectional movements

09.07.2021
Daily chart: the pair is forming an upward rebound from the lower Bollinger band (109.60), which may allow the dollar to recover to 110.58 (middle line). ADX potential is at a low level, therefore, multidirectional...
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Decline to 1.1788

09.07.2021
Daily chart: the RSI oscillator does not have convergence with the price chart, so it is too early to talk about an upward reversal. The bears will probably maintain pressure on the pair until the...
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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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