FX.co ★ berta.hill | EUR/USD

Hello traders! On the four-hour chart, we can see that the next phase of the EUR/USD currency pair's decline appears to be coming to an end, as the stochastic has already entered the oversold area. Therefore, in the near future, after testing the middle boundary of the Bollinger Bands indicator, we may see a reversal to the upside hinting at a break above the 55-period moving average line and the upper boundary of the Bollinger Bands with a desire to rise to the resistance at 1.1770. I believe that the growth will continue at least until tomorrow evening and the decision of the Federal Reserve on the interest rate. In the future, I expect the strengthening of the US dollar, as it is assumed that the interest rate will remain unchanged, which postpones the timeline for monetary policy easing.