FX.co ★ EUR/USD

Hello traders. EUR/USD. Today, the Euro/Dollar pair has made a decent move to the south, but it hasn't reached my target yet, just a few dozen points away. On the hourly chart, indicators are in the process of forming a sell signal, with the MACD being the final piece of the puzzle. At the same time, the pair has entered the bearish zone of the Bollinger Bands channel, where it is trying to hold its ground. The channel has started to widen, indicating a higher probability of a bearish impulse downwards. My intraday target is 1.1470, very close, so for now, I consider a decline as the more prioritized scenario for myself. On the 4-hour chart, indicators are still indecisive, pointing in different directions, and the pair is currently testing the middle Bollinger Band from above. Depending on a breakout or a bounce, the further direction will be more accurately revealed. I am leaning towards a breakout and a decline, but in any case, I will wait for the test results.