FX.co ★ dusty24 | GBP/USD

Good day, everyone! On Friday, a selling signal was formed on the hourly timeframe for the EUR/USD currency pair, which can be considered as a shift from a bullish to a bearish sentiment. Therefore, at the beginning of the next week, we can expect a continuation to the downside, unless something significant happens over the weekend that could drastically change the market situation. On the M15 timeframe, after the news, a selling signal also emerged, reinforcing the signal on the hourly chart and indicating the overall direction on these timeframes. It is not recommended to look below M15 and analyze this pattern as it is too noisy and too fast for analysis. Based on the indications of these indicators, one can form an understanding of the market sentiment, which is formed as a result of price movement, and draw conclusions about the further direction. Best of luck to everyone!