FX.co ★ EUR/USD

Hello traders. EUR/USD. Good day. Euro/Dollar yesterday failed to develop a bearish sentiment, despite the bears trying quite hard. At the moment, there is a possibility of further decline, but the pair has been moving within a range recently, currently near its lower boundary. So, I am currently observing: whether it will go towards the upper boundary or finally break out of the range to the downside. On the hourly chart, indicators continue to point south, but the sell signal has not been activated yet, just like several previous signals that were formed and canceled without being triggered, typical for a ranging market. On the four-hour chart, the situation is more interesting: indicators keep pointing north, but the pair continues to test the upper Bollinger Band and even entered the bearish channel zone. If it consolidates here, a reversal scenario may emerge, but it is still too early to talk about opening short positions. Therefore, the intraday targets are 1.1980 or 1.1840.