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

Pair EURUSD D1: 1 - Euro buyers were able to leave yesterday behind, and this morning they are trying to develop their positions. Speaking of the current situation on the bands, the price is pulling back to the central area of the bands after an attempt to move along the lower band. To get a quality signal for a price drop, it is worth waiting for an active new touch of the lower band, and then evaluate whether the bands will expand outward or there will be no reaction. In terms of fractals, the target for a price drop is the nearest fractal down, its breakout and consolidation below it will allow the price to move towards the fractal from March 30 at the level of 1.14418. The nearest fractal up is far from the current quote value, and in order to have something to rely on for a price increase, it is worth waiting for the appearance of a new closer fractal. 2 - The AO indicator is growing in the negative zone, it is still unclear when the first peak will form, which indicates that the price drop may continue. To get a quality signal for a price increase, it is worth waiting for an active fading towards the zero mark.