manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Waiting for a new decline of Euro

06 July 2015, EUR/USD

Daily chart: active ADX almost does not allow to hope for a high correction to 1.1386, where we have an entry point according to O&U. New decline can start at any time and bears have enough fuel for that.

Waiting for a new decline of Euro

Н4: two strong resistance lines at 1.1156 and 1.1223. From each of them, the pair may fall towards 1.0968.

Waiting for a new decline of Euro

Н1: as we see, the area 1.1138-1.1156 is very dense and looks like it cannot be overcome. Support is at 1.0990.

Waiting for a new decline of Euro

Expectations: decline to 1.0990. The price may also hit 1.1138-1.1156 before that.

Trading decisions:

1) We shall seel from 1.1156 to 1.0990.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .