FX.co ★ berta.hill | EUR/USD

. EURUSD. Good day. Euro/Dollar closed the past week with a bearish candle, but its body is small, so it's too early to talk about a significant downward reversal. However, considering the bounce from the resistance zone, there is a possibility of a move towards the trend support around 1.1520-30. On a smaller timeframe, the hourly chart indicators still suggest further decline. The pair tested the middle Bollinger Band from below and seemed to start bouncing off at the close. If the bounce is confirmed on Monday, it might be worth considering opening short positions with a target around 1.1650-60 in the short term. On the 4-hour chart, indicators also show a clear sell signal, indicating a potential downward movement in the medium term. Additionally, the Bollinger Band channel is starting to curve downwards, further confirming the bearish sentiment. However, for now, I only see the downside potential in the short term, while the future will show whether the bears can maintain control.