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EUR/USD Technical Analysis D-1 Chart

Hello, colleague! EURUSD behaved rather sluggishly on Friday. What we have at the moment on Monday on the daily chart according to the wave technique: MA100 is pulling upwards at a trend angle of thirty degrees. The mood during the week remains very bullish. MA18 is pulling north at an extremely trendy angle of forty degrees. That is, the mood during the day is very much about buying. The pair clearly had no strength at all for the last week: neither to pull it upwards nor to lower it. It was simply flat in a small sideways range with approximate limits of 1.1740-1.1800. And this sideways range, let me remind myself and the readers, is formed inside a larger sideways range with boundaries of 1.1630-1.1910. And now I expect growth. Since this mini-sideways range is formed precisely in the space between the wide limits. And as in any sideways trend, the pendulum rule will be in effect here with 90% probability: once they pushed off from the lower limit, they should be attracted to the lower one. Both basement indicator bundles demonstrate strong overbought, and we have not yet seen any sell signals here. In general, a fit of confidence has overtaken me today. I am waiting for the upward trend to continue with an entry into the nineteenth figure. And then we open the weekly chart: if we draw an equidistant price channel on the weekly chart, then the EUR/USD pair has already rebounded from the resistance line at 1.1830 and has already fallen to 1.1780, and from the current levels there is a high probability of continuing the decline to 1.1600 and further down to the lower border of the northern channel. Strong reversal movements begin most unexpectedly, and now it seems to me that no one believes in sales anymore.