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Tendency towards decline

18 August 2015, EUR/USD

The daily chart: So, the pair could not hold its position in the area of ​​the upper Bollinger band , having broken the inside bar down. Thus, there is a high probability of a further delcine in the direction of the bottom band (1.0823), with the apparent intermediate support on the middle band (1.0997)

Tendency towards decline

Н4: bearish pressure is also present here. Breakdown of the bottom envelope will let bring the euro to 1.0997.

Tendency towards decline

Н1: Here, in contrast to the elder charts, flat is developing in a narrow range 1.1067-1.1088.

Tendency towards decline

Expectations: So, downward trend to 1.0997 dominates, but one day may slow the pair down in the flat 1.1067-1.1088


1) Sell on growth in the area of ​​1.1088 expecting to hold to to 1.0997 and 1.0823 (extraday).

Aleksey Panasenko
Analyst of «FreshForex» company
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