FX.co ★ EUR/USD

Hello traders. EUR/USD. The Euro/Dollar pair continues to slowly move south, but it's not like the bears are particularly active here. As a result, I continue to sit on the fence. On the hourly chart, the indicators still favor further movement to the south, but the sell signal has not been activated yet, and the pair has once again approached a test of the middle Bollinger Band from below. Depending on a breakout or a bounce, it will show the further direction. At the moment, I am more inclined towards a scenario with a bounce and a decline, with a rough target of 1.1820-25 in the short term, but in any case, it is worth waiting for the test results. On the 4-hour chart, the indicators are still in the process of forming a sell signal, but at the same time, the pair is increasingly consolidating in the bearish zone of the Bollinger Channel. The channel itself, by the way, has stopped resisting the bearish trend, but it has not started supporting it yet. However, at the same time, it is slowly bending southward, so there is a possibility of seeing a decline in the near future.