EURUSD – correction target – 1.0102

21.11.2022

Daily: the pair is in the stage of downward technical correction, which is directed to the middle Bollinger band (1.0102).

H4: An attempt of breakdown of the lower Bollinger envelope is on the background of increased trending ADX, which will also contribute to the EUR sell-off to 1.0102.

H1: on all timeframes there is a bearish trend pressure. We consider the scenario of further decrease in the quotes to 1.0102. Control support is 1.0281.

Conclusions: fall towards 1.0102.

Recommendations: Sell to 1.0102.