FX.co ★ EUR/USD

In the case of the EURUSD instrument under consideration, trading is observed in the upper zone, indicating a possible overbought condition. Price movement analysis is conducted using the LRMA BB indicator, which sets the upper limit at 1.15020 and the lower limit at 1.14705. Currently, the EURUSD instrument is at levels that present good opportunities for opening short positions. A target for sellers could be the mid-level of the indicator, at 1.14863. In a longer-term perspective, attention should also be paid to the lower limit of the indicator at 1.14705. Buying in this case is not considered, only selling. The level of 1.14863 can also be seen as a support level, from which a corrective upward movement is likely to follow.