FX.co ★ berta.hill | EUR/USD

Pair EURUSD M30: 1 - Over the weekend there was a forecast for entry points to sell the Euro from level 1,12351, the price broke that level today and was able to reach first the initial target at 1,12253, and then the second at 1,12026. 2 - Regarding the bands situation, the price is actively moving along the lower band, and both bands are flaring outward. This gives a signal for a possible continuation of the decline, and all that remains for us is to watch whether this signal develops or not. 3 - The AO indicator is actively increasing in the negative zone; it is still unclear when the first peak will form, and this suggests that the price decline may continue further. To get a strong signal for a price rise, it is worth waiting for an active fading toward the zero mark. 4 - A sell entry point in this situation can be considered from level 1,11446; a price drop on an active breakout and consolidation can be expected down to levels 1,11147 and 1,10999. 5 - Buy positions in the current conditions can be placed at level 1,11915; a price rise on a breakout and consolidation can be expected up to levels 1,12026 and 1,12253.