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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.