FX.co ★ EUR/USD

EUR/USD M30 TECHNICAL ANALYSIS Hello. It seems like sellers on the Euro made some decent downward progress yesterday, but today they're unable to expand their positions. If they do want to extend the downward movement, they'll need to break through and consolidate below 1.15849. The first target, if successful, will be 1.15754. If they hold there, they can expect a further price drop to 1.15236. If we're talking about a resumption of growth, buyers will need to break through and consolidate above 1.16549. The first target, if successful, will be 1.16637. If they hold there, they can expect a further price rise to 1.16851. EURUSD M30: 1 - Yesterday, the Euro was forecast to enter short at 1.16219. The price broke through this level and was able to reach the first target at 1.16102. 2 - Regarding the bands, the price is attempting to break out towards the upper band. To get a reliable signal for price growth, it's best to wait for an active touch of the upper band and then assess whether the bands will open outwards or not. 3 - The AO indicator is near zero and is not providing any signals. It's best to wait for an active increase in either the positive or negative range, which will allow us to predict price movement in the direction of this increase. 4 - A buy entry point in this situation could be considered at 1.16102; a breakout and consolidation could lead to price growth to 1.16219 and 1.16274. 5 - Under current conditions, selling could be placed at 1.15987; a breakout and consolidation could lead to a continued decline to 1.15887 and 1.15810.