FX.co ★ EUR/USD

EURUSD. Hello. Euro/Dollar moved quite nicely to the south yesterday, but towards the end of the day, the bulls tried to take the initiative into their own hands. At least the pair could not break through the support zone built on last week's lows. Today, the bears are making a new attempt, so I am watching. On the hourly chart, indicators are in the process of forming a sell signal, but at the same time, the pair approached a test of the middle Bollinger from above. So depending on a breakout or a bounce, the further direction will be more accurately shown. For now, I am leaning more towards a scenario with a breakout and a decline, with the target being a test of the support zone at 1.1670-75 in the short term. But in any case, I will wait for the test result. On the 4-hour chart, indicators have already drawn a sell signal, but it is not yet activated here. At the same time, the Bollinger channel suggests a scenario of movement within its bands. So for now, I am observing, looking for a local decline, and the future will show.