Log in

Wait for downward correction

04 February 2016, EUR/USD

Day chart: a pivot is expected to appear at this currency pair, because we have a broken upper Bollinger envelope, and it is a signal of pull back to middle Bollinger band (1.09)

Wait for downward correction

H4: there is more localized support at middle Bollinger band (1.0938)

Wait for downward correction

H1: resistance level at 1.1176 (upper Bollinger band). Intraday support level - 1.1062 (middle Bollinger band).

Wait for downward correction

Expectations: the pair will decrease to 1.1062 after touching 1.1176 Trading solutions: sell from 1.1176 to 1.1062. You had better wait for signal at small timeframes.

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.