FX.co ★ EUR/USD

Hello traders. EUR/USD. Yesterday, the Euro/Dollar pair finally reached the upper boundary of the trend channel where it has been trading recently. After that, there was a rebound, and now it is moving towards the lower boundary, around 1.1610-1.1615 in the short term perspective. On the hourly chart, indicators have already shown a sell signal, but it has not been activated yet. However, overall, I consider the scenario of heading south as more priority for myself. On the 4-hour chart, indicators currently do not show anything specific, but the pair has returned to the bearish zone of the Bollinger Bands channel. So, there is a possibility of a downward movement in the medium term perspective. The most interesting part is that on the daily chart, the pair has already formed a full-fledged sell signal, indicating a potential further downward movement. However, I am not looking that far ahead yet, I have set the first target, and the second one is a test of the trend support, around 1.1500-1.1530.