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Different directions of trades

11 March 2016, EUR/USD

Daily chart: yesterday was very intense day. ECB has surprised. Not all NFP could be seen. We try to find possibilities for further development of pair.

ADX hasn’t got trend zone or turned back. It is strong possibility that we are waiting down pullback to 1.1290 (upper Bollinger line) and moving to middle line (1.1068)

 Different directions of deals

Н4: it is considering bearish intraday bar. We are waiting decrease to 1.1025 (middle Bollinger line), from this level we can start rising to 1.1290 zone

 Different directions of deals

Н1: support is more localize on 1.1058 level(middle Bollinger line)..

 Different directions of deals

Expectation: we are waiting decrease to 1.1058 and then growth into 1.1290 direction (possible it will be transferred on weekends).

Trading decisions:

1) Sell to 1.1058

2) Buy from 1.1058 to 1.1290 (extra day)

Aleksey Panasenko
Analyst of «FreshForex» company
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