FX.co ★ berta.hill | EUR/USD

Hello traders! Today is Sunday, and as usual, I am analyzing the daily charts for the traded currency pairs. Regarding the movement of the euro/dollar currency pair, it is worth noting that there is an upward movement here since mid-March of this year, when the pair bounced off the low of 1.1415. During the subsequent rise, the pair has already reached the resistance at 1.1835, but in the last attempt, we received a ZigZag indicator mark indicating the end of the rise slightly lower, specifically near the level of 1.1790. And as we can see, although initially the pair moved from there to a new wave of decline, now the bulls are trying to correct everything, with the support of the daily stochastic and the currency relative strength indicator, they have returned to test the level of 1.1790, intending to break it and rewrite the current maximum to the north. However, I will note that the main goal of the bulls is to update the pair's maximum - 1.1835, in order to indicate further development of the upward trend. Without this event, we will not have a guarantee of growth. Nevertheless, let's not get ahead of ourselves, as we see that the potential of the D1 stochastic is decreasing, and one technique may not be enough for the euro/dollar currency pair to rise above the level of 1.1835. I would not buy now, as this is not the best time to buy. It is better to wait for a complete picture of signals either for a continuation of the rise or for the beginning of sales.