FX.co ★ EUR/USD

Hello traders. EUR/USD has started a new week almost without surprises, except for a couple of points of price gap. At the moment, bulls are trying to take the initiative, but it is still unclear whether they will be able to maintain it. On the hourly chart, indicators are signaling further movement to the south, but the pair is currently testing the middle Bollinger Band from below within a correction. Depending on a breakout or a bounce, we will see the further sentiment for the nearest perspective. The possibilities are equal, I won't guess, but I am more inclined towards a scenario with a breakout and local growth aiming around 1.1500-10 in the short term. On the four-hour chart, indicators are also fully supporting further downward movement, but here the basement indicators have formed bullish divergences hinting at a reversal. The Bollinger Band has shifted indicating the end of the downward impulse and the beginning of a local correction aiming to test its middle from below. So, there is a possibility of a move to the north, but talk of a reversal is not on the table yet.