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We expect strong resistance 1.0991

We expect strong resistance 1.0991 | 10 August 2015

10 August 2015, EUR/USD

Daily chart: euro is in the flat corridor 1.0810-1.1109, with an intermediate resistance in the middle band (1.0960). In the case of breakthrough of this level we will see the growth to 1.1109.

We expect strong resistance 1.0991

Н4: we see strong resistance in the upper band (1.0990), as ADX os too weak to break.

We expect strong resistance 1.0991

Н1: the same thing - according to the lack of ADX state , waiting for the rebound from 1.0991 down towards the lower band(1.0875)

We expect strong resistance 1.0991

Expectations: contact to 1.0991 and decline to 1.0875

Trading solutions:

1) Sell from 1.0991 to 1.0875

Aleksey Panasenko
FreshForex Analyst
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