Hello traders. EUR/USD. Yesterday, the Euro/Dollar pair made a decent move to the south, and today the bulls are once again trying to take the lead. However, I am currently observing whether they will succeed. On the hourly chart, indicators are still pointing towards further decline, and the pair has now approached a test of the lower Bollinger Band and is even attempting to enter the bullish channel zone. It's still too early to say for sure, so I am focusing more on a rebound and a decline with a target around 1.1750 in the short term. However, to open short positions, it is advisable to wait for a return to the bearish zone and a confirmed bounce off the middle MA. On the four-hour chart, indicators are still looking north, but a buy signal has not been activated yet, and the pair has started to hover around the middle Bollinger Band. The channel on the last bullish candle has sharply narrowed, not confirming the continuation of the bullish sentiment, but not canceling it either. Overall, I am leaning more towards the south direction, but only in the short-term perspective.
