01 July 2015, EUR/USD
Daily chart: Bollinger envelopes are squeezed to a high extent. We are close to a shot. We will continue to work around 1.1391 prior to decline but we cannot except a direct decline when breakthrough under the bottom Bollinger band (1.1092) will take place.
Н4: Meanwhile, support 1.1043 looks quite stable. We are waiting for at least one more upward bounce from it. The best possible move is to 1.1248 (upper wall of a horizontal range of Bollinger bands).
Н1: ADX shows trend! Bears are ready to tire the bottom envelope. We shall sell on a return to the middle band (1.1151).
Expectations: a decline to 1.1043, then return to 1.1151 and a new wave of decline.
1) We should sell from 1.1151 to 1.0950.
2) Aggressors can attempt to buy on support 1.1043 to 1.1150.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us