EURUSD – We expect further decline to the area of 1.0813

03.07.2023

Daily: the downward technical correction is approaching the middle Bollinger band (1.0813), where, presumably, the upward movement can resume, because earlier a breakdown of the upper envelope was fixed.

H4: We confirm the downside potential in the form of breakdown of the lower Bollinger envelope. The sell-off area is 1.0933 (middle Bollinger line).

H1: Also we do not exclude the probability of falling down from the current levels, as on the hour chart the bottom Bollinger envelope was broken, with the average line being tested.

Conclusions: Down from 1.0895-1.0933 towards 1.0813.

Recommendations: Sell from 1.0895-1.0933 area towards 1.0813.