FX.co ★ Qadeer12 | EUR/USD

EUR/USD Daily time frame Good afternoon sisters and brothers.We will talk about intraday support on Monday, but now the weekend is on the calendar, which means I will evaluate EUR/USD in the higher halves and have now looked at the daily chart. Of course, it is difficult to expect certainty in such a situation when we have been observing a flat in a very narrow range for a very long time and on the chart, in general, there is a zig-zag in the south direction, but most likely it will not be possible to develop a downward movement from current levels . The price tested a very strong zone of 1.0800 - 1.0740; it failed to break lower or at least gain a foothold in it. While they were flatting, a bullish divergence was formed on the stochastics and the indicator itself is turning around and now it will begin to give signals about the possible growth of the pair. I don’t consider options for selling at all, only purchases, and this can be done directly from the current ones, and if there are attempts to go lower, then there will be not a single purchase, but a chain of longs, in order to test the 1.09 figure (or on the way to it). This is how it works out for me in the near future.

EUR/USD H4 time frame There is support for today at approximately 1.0800, I think we will return to it next week, but for now there may be another attempt at growth at the opening! With the continuation of the south with a target of approximately 1.0700, I was considering higher frames, I’m talking about the south! Therefore, I think that even if there is growth, it will not be a break in the trend to the south! In addition, I look at the volumes for purchases that have completely shrunk, it seems that they will finish off the last in the north, and go south just to the level of approximately 1.0700! Afterwards, if profit-taking on sales takes place at approximately 1.0700, then perhaps there will be full-fledged growth! But for now I am for the continuation of the common south, the only question is when? In the north there is growth with possible slowdowns and reversals to the south again! But for now I am in favor of a rollback to the north in a short time.