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Today, perhaps, respite

Today, perhaps, respite | 12 November 2015

12 November 2015, EUR/USD

The daily chart: the bottom Bollinger band (1.0585) still looks unfinished. At the same time, there is a place for correction (bottom envelope).

Н4: strong resistance from the upper Bollinger band (1.0809). Local support is at 1.0686 (bottom band)

Н1: Both Bollinger envelopes and ADX have flat status. Range 1.0715-1.0766

Expectations: The main scenario - flat 1.0715-1.0766. The alternative scenario: growth to 1.0809 and then fall to 1.0686.

Trading solutions: 1) Sales from the levels of 1.0766 and 1.0809. To enter, you will need a confirmation signals. Goals - 1.0715, 1.0686

Aleksey Panasenko
FreshForex Analyst
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