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

Pair EURUSD D1: 1 - Yesterday's day for the Euro was mixed, and the price eventually returned to the opening values of the day. Speaking of the situation with the bands, the price remains in the central area of the bands, and the bands themselves are curling inside. Movement from here can continue in any direction, and to get a quality signal for price growth or decline, it is worth waiting for an active touch of the upper or lower band, and then assess whether the bands will expand outward or there will be no reaction. In terms of fractals, the nearest fractals up and down serve as targets for price growth and decline. Breaking through and consolidating above the nearest fractal will allow the price to reach the fractal from May 6 at the level of 1.17955. Breaking through and consolidating below the nearest fractal will give the price the opportunity to reach the fractal from May 21 at the level of 1.15754. 2 - The AO indicator is fading in the negative zone, if we see a cross through zero and active growth in the positive area in the next 2-3 trading days, we will get a stronger signal for price growth. A new acceleration in the negative area will signal a decline in the Euro.