FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Pair EURUSD D1: 1 - Euro buyers made a decent move upwards yesterday, but today they are struggling to further advance their positions. Looking at the Bollinger Bands, the price is trying to move along the upper band, having touched it, with both bands expanding outward. This signals a price increase, and all we can do now is observe whether this signal will continue to develop or not. From a fractal perspective, the price broke above the nearest fractal yesterday and reached the target at the level of the fractal from October 28th. Currently, there is an attempt to consolidate above it, and if successful, we can expect further price growth towards the fractal from October 17th at the level of 1.17272. The nearest fractal below is far from the current price, so to have a reference for a potential price decrease, it is advisable to wait for the formation of a new, closer fractal. 2 - The Awesome Oscillator is attempting to show increasing momentum in the positive zone, but to receive a more reliable signal for price growth, it is advisable to wait for a more active acceleration. If in the next 2-3 trading days we see a crossover through the zero line and active momentum