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

Euro. Local preparations for the mid-term drop

24 May 2016, EUR/USD

Daily Chart: In the medium run, ADX will enhance its trend activity of with a potential target 1.10817 (strong support zone and promising area of ​​demand for the euro). Local support is at 1.1151 (lower Bollinger band)

Euro. Local preparations for the mid-term drop

Н4: extremely narrow envelopes also anticipates the volatility momentum. But ADX is weak, so the scenario can be delayed until tomorrow.

Euro. Local preparations for the mid-term drop

Н1: another flat frame with the daily range inside Bollinger envelopes (1.1191-1.1226)

Euro. Local preparations for the mid-term drop

Expectations: The main scenario - flat 1.1191-1.1226

The alternative scenario - break down to 1.11

Trading solutions: we do not consider buying, look for sales around 1.1226 area.

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 .