Goal for the Euro - 1.0542
17 November 2015, EUR/USD
Daily chart: for the euro obvious target is the bottom Bollinger band (1.0542)
Н4: significant local support zone of 1.0670 (bottom Bollinger band). ADX paramaters are inactive, so probability of the flat will be still here.
Н1: the support zone 1.0670 will be under a heavy load, but break down can occur as it usually happens with bottom envelopes - through a roll back to the zone of the middle Bollinger band (1.0714), which is the best possible area for medium-term sales.
Expectations: The main scenario - a breakthrough under 1.0670, then pullback to 1.0714, and then beginning of the fall to 1.0542. The alternative scenario - a direct fall to 1.0542
solutions: sale from 1.07-1.0718 zone to the 1.0542
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