Only sales

05 January 2016, EUR/USD

Daily chart: downward pressure is being accumulated, but so far ADX has not reached the core, so the price may delay at current levels (1.0807, the bottom Bollinger band)

Only sales

Н4: Here, as we see, ADX is already active, so we should expect that downward scenario would continue. Although support 1.0807 looks impressive.

Only sales

Н1: calm ADX, so today's range can be limited by the range of the bottom envelope (1.0773-1.0836)

Only sales

Expectations: The main scenario - downward flat 1.0773 -1.0836

The alternative scenario - decline to 1.07

Trading solutions: keep sales and add more on return to 1.0836

Aleksey Panasenko
FreshForex Analyst
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