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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
Analyst of «FreshForex» company
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