EUR/USD - 4H.
On December 31, the EUR/USD pair performed a reversal in the upper area of the upward trend corridor. The only thing is that the signal was not the most accurate since the upper limit itself could not be reached by bull traders. However, in my previous review, I said that the reversal could be around the level of 1.1248. And so it happened. In addition to the reversal in favor of the US currency, a bearish divergence was formed at the CCI indicator, which also worked in favor of the beginning of the fall in the direction of approximately the level of 1.1125, that is, in the direction of the lower line of the upward corridor. It is around this level that I expect a pair of euro-dollar tomorrow or Monday. In the coming reviews, new trading ideas will be presented, each of which will provide conditions for entering the market and the conditions under which the trading idea loses its meaning.
Forecast for EUR/USD and trading recommendations:
The trading idea is to sell the pair with a target of approximately around 1.1125. It was best to sell in the area of the upper line of the corridor, but on the correction, after the rollback up, you can try to enter the market with sales to those who are late.