FX.co ★ EUR/USD

As of this morning, we can see that the quotes of the currency pair EUR/USD are attempting a bullish correction from the level of the current pair's minimum at 1.1550, which bears have failed to break through for the third time this month. Now, I believe that the EUR/USD pair may rise towards the beginning of the 16th figure as part of a test for an upward breakout of the round level at 1.1600, but again, I think this is only to alleviate the oversold conditions of this currency pair. There, I expect to see the "Zigzag" indicator mark on the four-hour chart and a bounce off the 14-period moving average line, without reaching the median of the TMA trend indicator. After that, I assume the pair will make a fourth attempt to break this support, and there is a high probability that in this new attempt, if successful, the decline of the EUR/USD quotes should accelerate towards testing the round level at 1.1500 in an attempt to break below the 15th figure.