Today, perhaps, respite
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 PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us