09 December 2015, EUR/USD
Daily chart: the attempt of bulls to break higher is against weak corrective ADX. Therefore, in the zone of 1.0944 (Upper Bollinger band) we expect strong resistance and a downward roll back towards the middle band (1.0776)
Н4: strong clamping of spring within the range 1.0805-1.0944
Н1: downward correction towards the lower Bollinger band (1.0838)
Expectations: The main scenario - decline to 1.0838 and then move to 1.0907 and possibly to 1.0944. The alternative scenario - rise to 1.0944, and only then correction in the direction of 1.08438.
Trading solutions: Buy from 1.0838 and sales from 1.0944
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us