manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

We expect a corrective decline

10 December 2015, EUR/USD

Daily chart: the upper Bollinger envelope was once again breached. However, ADX is inactive, so we can expect a pullback to the area of ​​the middle Bollinger band (1.0736), from where the main phase of the medium-term growth can start.

We expect a corrective decline

Н4: a well-expressed divergence of oscillator also speaks for downward correction.

We expect a corrective decline

Н1: as wee can see, the upper Bollinger band rushes to 1.1048, therefore, we allow for another breakthrough in this area. Support - 1.0956, 1.0894.

We expect a corrective decline

Expectations: The main scenario - decline to 1.0956, 1.0894. The alternative scenario - test of 1.1048 and only then decline towards 1.0956

Trading solutions: sales to 1.056, 1.0894

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .