manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

We are expecting pair correction to 1.1213

11 February 2016, EUR/USD

Daily chart: bulls trend remains on working with resistance area 1.1430. However we can observe signs of diminution (it is oscillator overboughtness and extreme ADX)

We are expecting pair correction to 1.1213

Н4: bears divergence. Resistance is localized on 1.1356 (upper Bollinger band), support is on 1.1228 (middle line).

We are expecting pair correction to 1.1213

Н1: flat horizontal Bollinger envelopes gives bears possibility to decrease price to 1.1213 from present levels.

We are expecting pair correction to 1.1213

Expectation:

Main possibility - decrease to 1.1213 from present levels

Alternative possibility: - decrease after risen 1.1356 level.

Trading decisions: it is time to sell from 1.1356 or present levels to 1.1213.

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