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Descending flat

06 October 2015, EUR/USD

The daily chart: flat in the range of 1.1093-1.1372 still remains to be the dominant trend

Descending flat

Н4: more localized side corridor 1.1132-1.1265

Descending flat

Н1: the price can roll back to the middle Bollinger band (1.1221), whereupon zone 1.1132-1.1168 will be finalized.

Descending flat

Expectations: we are waiting the price to fall to 1.1168, 1.1132. Before it can roll back up to 1.1221.

solutions:

1) Sales from 1.1121 to 1.1132

Aleksey Panasenko
FreshForex Analyst
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