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

Trading within the range 1.1143-1.1206 is possible prior to drop

01 October 2015, EUR/USD

The daily chart: the pair is sliding in the direction of the bottom Bollindger band (1.1080)

Trading within the range 1.1143-1.1206 is possible prior to drop

Н4: Bollinger envelopes are stable, promising support at the bottom band (1.1143), but we see hyper-activity of ADX, so bears have a distinct advantage.

Trading within the range 1.1143-1.1206 is possible prior to drop

Н1: Probably, trading within the range 1.1143-1.1206

Trading within the range 1.1143-1.1206 is possible prior to drop

Expectations: So, we wait for touch of zone 1.1143, rebound to 1.1206 and from there a continued drop to 1.1080

solutions:

1) Purchases (on additional signal) in the zone of 1.1143 to 1.1200

2) Sales from 1.1206 to 1.1080 (extraday)

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 .