Upward reversal is possible

15.07.2021

Daily chart: a bullish inside bar was formed from the lower Bollinger band, which may indicate the end of the downward trend for the euro. After the rollback is complete, you can start looking for trading opportunities to buy.

Н4: the local market potential is at the level of the flat forecast and is limited by a wide range of Bollinger envelopes (1.1767-1.1893). It is unlikely that this entire corridor could be used today.

Н1: the intraday potential of the ADX is also falling, so we are waiting for a protraction within the Bollinger bands (1.1818-1.1841). Purchases from the lower border of the range are preferred.

Conclusions: flat in the range 1.1818-1.1843 as preparation for an upward reversal.
Trading decisions: purchases from 1.1818 to 1.1843 (and higher – in the longer term).