FX.co ★ EUR/USD

EURUSD. Good day. The Euro/US Dollar pair started this week without surprises, and currently, the battle between bulls and bears continues, meaning the pair is almost at a standstill. Technically, on the hourly chart, the indicators continue to point north, but a buy signal is not yet activated, and the Bollinger Band suggests a sideways movement, quite narrow within its bands. On the four-hour chart, the indicators have also signaled a buy, but it is not yet activated, and the Bollinger Band has started to narrow sharply, not confirming further bullish momentum. However, it is not ruled out either. So, within my expectations, I anticipate a local decline with a target around 1.1680 intraday, and then we will see if the bears can take advantage of the situation and seize the initiative. But currently, it is very difficult to forecast anything, as the daily charts show that the sideways movement has been ongoing for over a month.