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We are expecting bulls turn over on 1.1337 level.

We are expecting bulls turn over on 1.1337 level. | 17 March 2016

17 March 2016, EUR/USD

Daily chart: bulls has risen on news but ADX is weak and small trended. It is like on bulls trap. We have 2 resistance levels from which price could turned over. There are 1.1251 level (upper Bollinger line) and 1.1337 (area of local bears Over&Under)

We are expecting bulls turn over on 1.1337 level

Н4: so ADX is inactive and there are some bars outside the Bollinger envelopes so we are expecting decreasing bulls activity at nearly time.

We are expecting bulls turn over on 1.1337 level

Н1: it is only one frame with trend parameters so we are expecting from rising 1.1337 zone and decrease to 1.1167 (middle Bollinger line).

We are expecting bulls turn over on 1.1337 level

Expectation: we are waiting growth to 1.1337 and than intensive decrease to 1.1167 level

Trading decisions:

1) Buy to 1.1337

2) Sell from 1.1337 to 1.1167

Aleksey Panasenko
FreshForex Analyst
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