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)
Н4: bears divergence. Resistance is localized on 1.1356 (upper Bollinger band), support is on 1.1228 (middle line).
Н1: flat horizontal Bollinger envelopes gives bears possibility to decrease price to 1.1213 from present levels.
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 PanasenkoAnalyst of «FreshForex» company
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