Log in

Sell into the range of bearish O&U

09 March 2016, EUR/USD

Daily chart: price faced a strong resistance on middle Bollinger line (1.1065) now it is big possibility of decreasing to 1.0799 (bottom line).

Н4: locally pair is in the range 1.0919-1.1052.

Н1: we can observe local bear’s O&U from 1.1046 zone. Intraday support is on 1.0991.

Expectation: upper pullback to 1.1046 and then decrease to 1.0991 and to 1.0919

Trading decisions: sell from 1.1046 to 1.0991 and 1.0918

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.