EURUSD. Good day. Yesterday, the Euro/US Dollar pair remained stagnant all day, but today the bulls have become quite active, leading the pair in their direction. Therefore, selling at the moment is questionable, but I will soon consider a downward movement within a local correction. On the hourly chart, the indicators are currently still pointing upwards, but the Bollinger Band is gradually readjusting, hinting at the end of the upward impulse and the beginning of a pullback. The intraday target is approximately 1.1250, but I am still observing. On the 4-hour chart, the indicators are also fully supporting further movement in the northern direction, with the Bollinger Band still expanding, indicating the ongoing upward impulse. However, the pair is approaching a resistance zone around the levels of 1.1370-80, and one of the lagging indicators has already stopped supporting further bullish sentiment. Therefore, there is a possibility of a move towards the south in the near future.
