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Sell after correction to 1.1051

24 February 2016, EUR/USD

Daily chart: price has broken through bottom Bollinger Envelope. ADX is activate. Decreasing potential is accumulating. Medium-term aim is bottom line (1.0770)

Sell after correction to 1.1051

Н4: pair is locally in range 1.0983-1.1088. After rising to zone 1.1088 we can sell and hold deals by 1.0770.

Sell after correction to 1.1051

Н1: side corridor 1.0993-1.1051 is on bulls oscillator convergence.

Sell after correction to 1.1051

Expectation: growth to 1.1051 and then decreasing to 1.0993.

Trading decisions: sell from 1.1051 to 1.0993 (or to 1.0770 extra day)

Aleksey Panasenko
FreshForex Analyst
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