FX.co ★ berta.hill | EUR/USD

EURUSD. Good day. Euro/Dollar continued its movement to the north yesterday, so for now, I remain on the fence, waiting for a downward movement, but there is nothing to open short positions at the moment. On the hourly chart, indicators are still favoring further movement to the north, with only one of the lagging indicators starting to hint at a reversal by showing a bearish divergence and no longer supporting the bullish sentiment. The pair is currently heading towards a test of the upper Bollinger Band, and depending on a breakout or a bounce, we will see the further sentiment for the nearest perspective. Within my "wish list," I am more inclined towards a scenario with a breakout and a decline, with an approximate target of 1.1690 within the day, but it's too early to talk about it. On the 4-hour chart, indicators are also fully supporting further upward movement, and the Bollinger Band width is still expanding, indicating the incompleteness of the current impulse. One of the lagging indicators here has already stopped supporting the bullish sentiment, and there was a close above the outer Bollinger Band, followed by further growth. Now, the pair still has debts to the south.