03 November 2015, EUR/USD
The daily chart: Monday showed weakness of buyers expressed in the bearsih inside bar and southern extension of the Bollinger envelopes. We are waiting for new decline towards the bottom band (1.0881)
Н4: Bollinger envelopes preserve horizontal orientation with the range 1.0913-1.1084
Н1: more localized resistance 1.1047 (the upper Bollinger band), support to 1.1004, a break below that would activate drop (ie ADX is very close to trend value).
Expectations: to fall to 1.0913. Perhaps pre-contact zone of 1.1047.
solutions: Buy from the zone 1.1047 to 1.0913.
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us