Good time of the day everyone. Pair Euro-dollar. Based on the analysis of the 4-hour chart, the pair continues to trade near the level of 1.0730. In case of further upward movement of the pair, the nearest reversal point will be at 1.0878, where we might see activity from sellers. In case of a move to the south and consolidation below the level of 1.0681, it will open up good prospects for further decline to the levels of 1.0617 and to the level of 1.0560. A breakout and consolidation above the level of 1.0730 will be a good entry point for buying. In terms of opening trades, it is of course necessary to wait for the pair to consolidate. Now let's look at the indicators: the pair is trading at the upper part of the Ichimoku Kinko Hyo indicator cloud, and at the upper part of the Bollinger Bands line, so I consider buying priority towards the levels of 1.0810 and 1.0878. Wish you all profitable trades!!!
Ulasan: