FX.co ★ EUR/USD

Hello traders. EURUSD. Good day. Euro/Dollar yesterday failed to turn south, although the bears made an attempt. However, it can't be said that the bulls were particularly active, so the southern option is still on the table, especially against the backdrop of an unclosed gap, but for now, it's just within a small corrective decline. However, there is no reason to open short positions based on the technical analysis yet. On the hourly chart, the indicators are still favoring further movement to the north, but another buy signal has not been activated yet, and the pair continues to test the upper Bollinger Band without breaking through, although there is no clear rejection either. However, the underlying indicators with bearish divergences suggest a scenario with a breakthrough and a decline, with an approximate target of 1.1800-10 in the local perspective, but in any case, it is worth waiting for more complete confirmation from the technical analysis. Additionally, there was a close above the outer Bollinger Band, leaving debts to the south. On the 4-hour chart, the indicators also fully support further movement to the north, but one of the underlying indicators here does not strongly support the development of a bullish sentiment, and the Bollinger Band has already shifted with a hint of the end of the upward impulse and the beginning of a pullback to test its upper middle.