FX.co ★ berta.hill | EUR/USD

The currency pair is EURUSD. When looking at the M30 chart of the EURUSD currency pair, I decide to trade for a sell position. I plan to use the level 1.17291 as the target for profit, which corresponds to the lower boundary according to the LRMA BB indicator. Sellers are pushing through the market, and their efforts are showing a descending trend. Thanks to these efforts, the current price of 1.17358 is trading below the moving average price of 1.17384. If the price can drop below the lower boundary of 1.17291 with increased volatility, then I will consider the end of selling and look for buying opportunities towards a correction to the middle of the range at 1.17384. In the event of a breakthrough above 1.17384, a decision will be made to reverse positions and open a long position towards the upper side based on the LRMA BB indicator at the level of 1.17478.