FX.co ★ berta.hill | EUR/USD

Hello. Euro/Dollar continues to remain sideways today at the opening level. So far, I am watching from the sidelines, but I expect a small push to the north, followed by a continuation of the move to the south. On the hourly chart, indicators are still indicating further decline, but the pair has approached a test of the middle Bollinger Band from below. Depending on a breakout or a bounce, we will see the further outlook for the nearest perspective. The channel has started to narrow, limiting further upward movement, so in the short term, I expect a test of its upper boundary, around 1.1700-10, followed by a bounce and a decline. On the 4-hour chart, indicators have already signaled a sell, but it is not yet activated. At the same time, the Bollinger Band continues to suggest a scenario within its range. Therefore, it is quite likely that we will see an initial decline to the lower boundary, followed by a move to the north. The scenarios are equivalent, so for now, I am observing how the situation unfolds.