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Sell EUR to 1.1068

23 March 2016, EUR/USD

Daily chart: price is decreasing to middle Bollinger line (1.1068). Now there are no conditions for changing this plan. Pair is into the middle of envelope range and ADX is passive.

 Sell EUR to 1.1068

Н4: here we can see that ADX is accumulating strong bearish potential. So we are expecting decrease impulse and to the support 1.1068 level.

 Sell EUR to 1.1068

Н1: it is one more frame with strong potential. We can observe oversold so price could move with upwards bounces. But in whole it is only sells.

 Sell EUR to 1.1068

Expectation: we are waiting decrease to 1.1068 and it could happen today.

Trading decisions: sell to 1.1068

Aleksey Panasenko
FreshForex Analyst
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