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South pressure

South pressure | 11 November 2015

11 November 2015, EUR/USD

Daily chart: bottom Bollinger band gets 5th figure and current target is 1.0585.

South pressure

Н4: bull’s convergance shows a small seller’s weak, but there is a bearish potencial here. Resistance is located at middle Bollinger band, and support at 1.0650 (bottom band).

South pressure

Н1: There is a convergence here too. Some upward roll backs are expected to appear soon.

South pressure

Expectations: correction to 1.0772 area and then to low goals - 1.0680 and 1.0585 Trading solutions: sell from 1.0772 area to 1.0680 and 1.0585

Aleksey Panasenko
FreshForex Analyst
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