EURUSD – buyers control the situation

10.12.2021

Daily: The pair is fixing in the upper Bollinger band, therefore, after retesting the middle envelope (range 1.1294-1.1309), buyers will try to reach the upper line of the area (1.1413).

Н4: The upper Bollinger band was broken, which can also be considered one of the signals for the continuation of the bullish trend. The estimated range for long trades is 1.1294-1.1309.

Н1: The support is being tested at the level of the middle Bollinger envelope (1.1328), which is quite capable of not letting the price lower. Resistance is in the area of ​​1.1355-1.1367.

Scenarios:

  • Main – Growth in the area of ​​1.1355-1.1367.
  • Alternative – Decrease to the area of ​​1.1294-1.1309, after the growth with the target at 1.1367.

Solution: Buy to 1.1355 and 1.1367.