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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


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
Analyst of «FreshForex» company
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