10 November 2015, EUR/USD
Daily chart: the bottom Bollinger band is for continuing decline of the euro to 1.0644
Н4: more localized support from 1.0690 (bottom Bollinger band). Resistance is on the middle band (1.0820), from where we can think about sales.
Н1: flat horizontal corridor 1.0738-1.0783,but there is a high possibility that it will be broken today — ADX looks up (although it didn’t reach the trend zone).
Expectations: The main scenario: the pair is traded in the corridor 1.0738-1.0783, and then decline with the target 1.0690. The alternative scenario: correction up to the zone 1.0820 and then sales from there.
Trading solutions: 1) We are not going to buy for a while. Sell from 1.0820 (in the case of the alternative scenario) or from 1.0783 (in the case of the main scenario) to the targets 1.0690 and 1.0644.
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