The key area of sales of the euro – 1.2179

15.06.2021

Daily chart: ADX continues to correct, which indicates a possible continuation of the price rollback in the direction of the middle Bollinger band (1.2179). Here is a promising area of sales within working out the lower Bollinger envelope, which was broken last week.

Н4: strong resistance in the zone of the middle Bollinger band (1.2125-1.2136) has been preventing the price from going higher already for 8 hours. It cannot be ruled out that there will be a decline from the current levels, although the potential liquidity in the 1.2179 zone will remain relevant for the market.

Н1: the hourly upper Bollinger envelope was also broken, so an upward impulse in the direction of 1.2179 will still be possible from the 1.2112 zone. This scenario satisfies the conditions prevailing on the daily timeframe.

Conclusions: rollback to 1.2112, then growth to 1.2179.
Trading solutions:
1. Purchases from 1.2112 to 1.2179.
2. Sales from 1.2179.