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Sell to 1.0880

29 February 2016, EUR/USD

Daily chart: the tendency of pair decrease are remain in direction of bottom Bollinger line (1.0820) ADX is very active.

Sell to 1.0880

Н4: it is possibility of local trading in the limits of bottom Bollinger Envelope (1.0921-1.1000)

Sell to 1.0880

Н1: the resistance has been achieved on 1.0951 level (middle Bollinger line), it could throw pair to the bottom line (1.0880).

Sell to 1.0880

Expectation:

main possibility is decreasing from currently levels to 1.0880

alternative possibility is rise up to 1.1000 level and then decrease to 1.0880 level.

Trading decisions: sells to 1.0880 level.

Aleksey Panasenko
FreshForex Analyst
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