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Sell from 1.1186

16 February 2016, EUR/USD

Daily chart: a continued technical correction to the middle Bollinger band (1.1020), from where we can wait for a new phase of growth to 1.1365 (Upper Bollinger Band).

Sell from 1.1186

Н4: locally downward trend to 1.1020. If there is a pre-rollback to the middle band (1.1253), we can sell.

Sell from 1.1186

Н1: localized resistance 1.1186 (middle Bollinger band). Support - 1.1124 (the bottom band)

Sell from 1.1186

Expectations: a pullback to 1.1186 and then downward movement to hit zone 1.1124 and possibly 1.1020

Trading solutions: sell from 1.1186 to 1.1124 and 1.1020

Aleksey Panasenko
FreshForex Analyst
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