15 February 2016, EUR/USD
Daily chart: technical correction in the direction of the middle Bollinger band (1.1020), from wherea new mid-term ascending wave can start.
Н4: very active ADX, so we expect a break of the bottom Bollinger envelope and then enter down below the middle band (1.1271).
Н1: a better shaped resistance at 1.1241 (the middle Bollinger band). Support - 1.1196. Probably, we will the one of the hourly bars below this level will be closed.
Expectations: now we are waiting a dash under 1.1196 and then start of a rollback to 1.1241, from where we can sell the pair for a few days to the target 1.1020
Trading solutions: after break of the level 1.1196, we should put Sell limit orders from 1.1241 to hit 1.1020.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us