FX.co ★ berta.hill | EUR/USD

I am closely analyzing the situation on the EURUSD currency pair on the 30-minute timeframe using the Bollinger indicator. At the moment, I am paying special attention to the level of 1.16282, and possibly slightly below. I consider this level as the target price for closing a short position. Considering the current situation where selling is most profitable, it is preferable to open short positions as long as the currency pair is held below the level of 1.16427. A breakout above the 1.16427 mark with subsequent price consolidation currently seems unlikely, but not ruled out. However, such a scenario could be a prerequisite for considering full-fledged purchases with a potential target at the level of 1.16571. At the moment, I am sticking to my selling position and carefully monitoring the dynamics of tick volumes, especially in combination with the Bollinger indicator, as these two tools often provide useful insights. Wishing everyone successful trades!