FX.co ★ EUR/USD

EURUSD. Good afternoon. The Euro/Dollar started the current week practically without surprises, apart from a couple of points of price gap. At the same time, the pair is still within the local trend channel and is moving toward its lower boundary, around 1.1380–85 in the short term. Technically, on the hourly chart the indicators have already formed a full intraday sell signal; at the open the pair tested the middle Bollinger Band from below and started to bounce off it. So the move to the south looks quite likely. On the 4-hour chart the indicators are still pointing north, but the buy signal here has not been activated, and the pair is heading to test the middle Bollinger Band from above, where, depending on a breakout or a rebound, it will show its further bias more clearly. At the same time, on one of the lower indicators there is a bearish divergence hinting at a breakout and decline. And the entire current rise still looks like a local correction to the previous decline, so I consider selling as the higher-priority option for myself.