manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

The riddle

25 March 2016, EUR/USD

Daily chart: yesterday the pair fulfilled a potentially reversal pin bar, but since there is no good support, it has a poor quality. The main support is below at 1.1082 (middle Bollinger band) that can dominate the market. Bulls shall be patient and we expect touch of this area.

Н4: clamping range of the lower envelope - 1.1139-1.1194, with the downtrend tendency.

Н1: a horizontal flat corridor within the Bollinger envelope (1.1149-1.1182). ADX is active, it is suspicious. When we get strong Long signals in the area of ​​1.1149, it is possible to try to buy, expecting that this signal will be justufied on the Daily chart.

Expectations: flat 1.1149-1.1182

solutions: 1. Sales to 1.1149 and maybe toward 1.1082

2. When we have buy signals on H1 around ​​1.1149, we shall buy to 1.1351 in the medium-run

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .